Cuts to Programs
[1] Healthcare: $880 billion in cuts to Medicaid would endanger life-saving care for almost 16 million people –including kids, moms, seniors, people in rural communities, and people with disabilities. Sara Estep, Natasha Murphy & Andrea Ducas, The Republican House Budget Resolution's Potential $880 Billion in Medicaid Cuts by Congressional District, Center for American Progress, Feb. 24, 2025, https://www.americanprogress.org/article/the-republican-house-budget-resolutions-potential-880-billion-in-medicaid-cuts-by-congressional-district/
[2]Food: $230 billion in cuts to SNAP would endanger access to food for 40 million people. Center on Budget and Policy Priorities, 2025 Budget Stakes: Millions Could Lose Needed Food Assistance, January 31, 2025, https://www.cbpp.org/research/food-assistance/2025-budget-stakes-millions-could-lose-needed-food-assistance.
[3]$12 billion in cuts to school meals would endanger access to food for 12 million children in 24,000 schools. Erin Hysom, New Proposal Drastically Reduces Number of Schools Eligible for Community Eligibility Provision, Food Research and Action Center, January 17, 2025, https://frac.org/blog/new-proposal-drastically-reduces-number-of-schools-eligible-for-community-eligibility-provision.
[4]Tax Benefits: $209 billion in cuts would eliminate the Head of Household filing status–impacting 21 million families, especially single mothers. Erica York and Garrett Watson, Repealing Head of Household Filing Status: Details and Analysis, Tax Foundation, November 6, 2024, https://taxfoundation.org/blog/repealing-head-of-household-filing-status/.
[5]Child Care: $30 billion in cuts to Temporary Assistance for Needy Families (TANF) & the Social Services Block Grant (SSBG) would put 40,000+ kids at risk of losing child care, while undercutting support for millions of low-income families. Stephanie Schmit & Rachel Wilensky, Cuts to SSBG, TANF Would Eliminate Child Care for 40K Children, Disrupt Care for Millions More, the Center for Law and Social Policy, March 6, 2025, https://www.clasp.org/publications/fact-sheet/cuts-to-ssbg-tanf-would-eliminate-child-care-for-40k-children-disrupt-care-for-millions-more/.
[6]Education/Debt: $127.3 billion in added student loan costs would raise payments by $200/month for 42 million borrowers on average, and remove key borrower protections. Michele Zampini & Ellie Bruecker, House Republican Plan Would Spike Student Loan Payments and Sentence Many to a Lifetime of Debt, Institute for College Access and Success, January 30, 2025, https://ticas.org/affordability-2/house-republican-plan-would-spike-student-loan-payments/.
New Tax Breaks
[7]Business Income Deduction: Extending the 20% deduction for qualified business income (pass-through deduction) would cost: $684 billion in lost federal revenue over 10 years. Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues, Supplemental Data, Congressional Budget Office, May 8, 2024, https://www.cbo.gov/publication/60114#data
[8]Lower the Corporate Tax Rate to 15%: Lowering the corporate tax rate from 21% to 15% would cost $522 Billion in lost federal revenue over 10 years. Reconciliation Menu by House Budget Committee, Politico, https://www.politico.com/f/?id=00000194-74a8-d40a-ab9e-7fbc70940000.
[9]Lower Income Rate from 39.6% to 37% on the top tax bracket (income over $626,350/year) Lowering the marginal income tax rate for the top tax bracket would cost $360 billion in lost federal revenue over 10 years. Joseph Rosenberg, What Would Extending The Tax Cuts and Jobs Act Look Like Without the Tax Rate Cuts?, Tax Policy Center, February 25, 2025 https://taxpolicycenter.org/taxvox/what-would-extending-tax-cuts-and-jobs-act-look-without-tax-rate-cuts
[10]Eliminate the Estate Tax: Eliminating the federal estate tax would cost $370 billion in lost federal revenue over 10 years. Reconciliation Menu by House Budget Committee,Politico, https://www.politico.com/f/?id=00000194-74a8-d40a-ab9e-7fbc70940000
Nearly 70% of benefits go to the top 5%: Harris Eppsteiner and John Ricco, Illustrative Distributional Effects of Policies Consistent with the House Concurrent Budget Resolution for Fiscal Year 2025, Yale Budget Lab, March 19, 2025, https://budgetlab.yale.edu/news/250319/illustrative-distributional-effects-policies-consistent-house-concurrent-budget-resolution-fiscal.
Tax Policies that Raise Revenue
[11]Raise the Corporate Tax Rate: Taxing profitable corporations more fairly by raising the corporate tax rate from 21% to 28% would raise $1.35 trillion over 10 years. General Explanations of the Administration's Fiscal Year 2025 Revenue Proposals (Greenbook), U.S. Department of the Treasury, March 2024, p. 2, 239, https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf.
[12]Raise the Tax Rate for Millionaires: Taxing the wealthiest households more fairly by increasing the tax rate for income over $10 million/year would raise $228 billion over 10 years. Estimated Budget Effects of The Revenue Provisions Of Title XIII – Committee On Ways And Means, Of H.R. 5376, The “Build Back Better Act,” As Reported By The Committee On The Budget, With Modifications (Rules Committee Print 117-18), Joint Committee on Taxation, Nov. 4, 2021, https://www.jct.gov/publications/2021/jcx-45-21/.
[13]Strengthen the Estate Tax: Taxing large estates more fairly when they are passed down to the next generation by strengthening the estate tax would raise $430 billion over 10 years. Revenue estimate of the 'For the 99.5 Percent Act,'” Joint Committee on Taxation, March 24, 2021, https://www.sanders.senate.gov/wp-content/uploads/For-the-99.5-Act-JCT-Score.pdf.
[14]Tax Income from Wealth like Income from Work: Taxing income from investments (capital gains) at the same rate as income from labor and closing the stepped-up basis loophole would raise $289 billion over 10 years. General Explanations of the Administration's Fiscal Year 2025 Revenue Proposals (Greenbook), U.S. Department of the Treasury, March 2024, p. 80, 242, https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf.
Investment in People
[15]Expanding the Child Tax Credit would help 17 million low-income children left out of the full benefit; reduce child poverty. Elaine Maag, 17 Million Children In Low-Income Families Will Not Receive The Full Child Tax Credit In 2025, Tax Policy Center, December 10, 2024, https://taxpolicycenter.org/taxvox/17-million-children-low-income-families-will-not-receive-full-child-tax-credit-2025.
[16]Funding Universal Child Care Access would make care affordable for all families, and raise pay for early educators; create 2.3 million jobs. Ajay Chaudry and Katie Hamm, The Child Care for Working Families Act Will Boost Employment and Create Jobs, Center for American Progress, December 17, 2017, https://www.americanprogress.org/article/child-care-working-families-act-will-boost-employment-create-jobs/.
[17]Invest in Home & Community-Based Medicaid Services would support aging adults and people with disabilities—and 43M workers who care for them; help 800,000 people on waitlists. Chairman Bob Casey & Chairman Ron Wyden, A Historic Investment in the Care Economy: Expanding Medicaid Home and Community-Based Services, Special Committee on Aging, May 2021, https://www.aging.senate.gov/imo/media/doc/Final-%20HCBS%20factsheet%20May.pdf.
[18]Guaranteeing Paid Family and Medical Leave would allow workers to maintain income during caregiving or personal leave and covers all workers; replace up to $4,000/mo in lost wages. FAMILY Act, H.R. 3481, 118th Cong. (May 18, 2023), https://www.congress.gov/bill/118th-congress/house-bill/3481; FAMILY Act, S. 1714, 118th Cong. (May 18, 2023), https://www.congress.gov/bill/118th-congress/senate-bill/1714.
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