House Republicans’ Billionaire Tax Cuts Come at a Cost—Your Family’s Budget

House Republicans are ready to enact the goals of their Project 2025 agenda. They are already proposing sweeping cuts to critical family support programs, which disproportionately affect women and children, to offset massive tax cuts for billionaires and mega-corporations.

Some of the programs that House Republicans are targeting to pay for new billionaire tax breaks include:

Medicaid: A lifeline for women, who make up the majority of adult recipients. Medicaid covers vital services like birth control, maternity care, and prescription drugs, addressing women’s health needs across their lifespans. It’s also critical in supporting aging or disabled adults who need in-home care.

Supplemental Nutrition Assistance Program (SNAP): This program provides individuals and families with low incomes help affording groceries.

Temporary Assistance for Needy Families (TANF): TANF provides support for families with low incomes, including child care, cash assistance, and resources to help parents in the job market. In 2022, women accounted for 84% of the adults served by TANF.

What do these cuts tell us? That Republican leadership is willing to drive up families’ grocery bills and health care cost to pay for tax giveaways to major corporations and the ultrawealthy.

As further proof of how unfair this tax bill would be for working families, the Treasury Department recently released its analysis on the cost of one part of the Republican tax plan – extending tax breaks that were in a 2017 tax bill during the first Trump administration. It found that the gains for the wealthiest .01 percent were more than 800 times larger than any gains received by the bottom 75 million families.

As you might imagine, most Americans are not on board with congressional Republicans’ plan to push for even more tax cuts benefiting the wealthy and large corporations—especially when these cuts come at the expense of families already struggling to get by. In fact, the more people hear about the Republicans’ tax plan, the more they hate it.

A new poll from the National Women’s Law Center (NWLC) found that support for progressive tax policies—such as taxing income from wealth at the same rate as earnings from work and strengthening the estate tax—increased when people were given more information about how these reforms ensure the wealthiest pay their fair share.

The poll also reveals that most respondents oppose many provisions House Republicans are trying to extend from the 2017 tax bill, such as the corporate tax rate cut, which has cost our economy billions of dollars.

We know that taxing the rich is popular—but we need to make sure Congress doesn’t forget it. Make your opinion heard and tell House Republicans: no new tax cuts for billionaires.

Click here for an FAQ document with some of the most common questions about a future Republican tax bill.