Washington, D.C. — Last week, House Republicans released long-awaited tax and budget proposals that would provide the top 5 percent of taxpayers with about $1.5 trillion in tax breaks by gutting programs that create American jobs and help Americans afford the costs of basic needs, such as health care and groceries. A new Center for American Progress analysis of the House Republicans’ budget plan includes state and congressional district level estimates for the number of people who would lose health coverage; could lose some or all Supplemental Nutrition Assistance Program (SNAP) benefits; and the number of jobs put at risk by eliminating nearly all clean energy tax credits if the bill were to become law.
Nationally, the bill would impact millions of Americans. The proposed cuts to Medicaid and changes to the Affordable Care Act would strip nearly 14 million Americans of health insurance coverage by 2034. In the case of food assistance, nearly 11 million people could see at least some cut in SNAP benefits. In addition, House Republicans’ plan to eliminate the Inflation Reduction Act’s clean energy tax credits could put as many as 686,000 operational and construction jobs at risk.
“House Republicans’ are setting up the dominoes for a massive transfer of wealth from the working class to the ultrawealthy by gutting programs that support people’s basic needs and keep people working. Rather than work to make health care more affordable and accessible, bring down the costs of groceries, and create good paying jobs, House Republicans are fixated on inflicting even more pain on working families already struggling to make ends meet. It’s no wonder they’re trying to pass this bill in the dead of night and before anyone can even read it,” said Colin Seeberger, senior adviser for communications and co-author of the analysis.
Read the analysis: “The Devastating Harms of House Republicans’ Big, ‘Beautiful’ Bill by State and Congressional District” by Colin Seeberger, Andrea Ducas, Lily Roberts, Shannon Baker-Branstetter, Kennedy Andara, and Kyle Ross
For more information or to speak with an expert, please contact Sarah Nadeau at [email protected].