The GOP Tax Plan Makes the Rich Even Richer & Hurts the Poorest Americans:

• More than half of the benefit goes to the top 5%, while the bottom 40% pay more. (Wharton)

• Gives more than $400,000 in annual tax breaks, on average, to households making more than $5 million per year. (TPC)

• Increases costs for nearly 80 million poor and middle class households. (Wharton)

The GOP Tax Plan Kicks Millions Off Their Health Insurance:

• At least 15 million people will lose health insurance because of cuts to Medicaid and the Affordable Care Act (ACA). 

  • 1. • At least 10 million by cutting Medicaid and the ACA in this bill (CBO)

       • At least 5.1 million by failing to extend key ACA subsidies (CBO)

The GOP Tax Plan Raises Costs for Everyday Americans:

• Health Care: Causes health care costs to skyrocket for 20 million Americans – by an average of $700 per year – by failing to extend ACA tax credits. (CBPP)

• Groceries: Raises grocery costs and cuts food assistance for at least 3 million Americans (CBO) 

• Education: Makes college more expensive for one in three college students by cutting Pell Grants and increases costs for 42 million Americans with student loan debt. (NCAN/NSLDS)

• Energy: Raises energy costs for households by as much as 7%. (CEBA)

Musk’s DOGE Cuts & Tariff Cost Increases: The Trump-Musk administration is partially paying for their tax plan by raising costs and gutting critical services.

• Cost Increases: Increasing costs by $4,000 a year for the average household from Trump’s reckless, across-the-board tariffs. (YBL) 

• Social Security: Jeopardizing seniors' access to benefits by eliminating phone services, closing dozens of offices, and firing 12% of employees. (WaPo, AP, NYT)

• Veterans’ Benefits: Cutting 20% of the VA workforce, causing delays in getting life-saving medication and care to veterans. (AP, VoteVets)

• Public Schools: Eliminating more than 180,000 teaching positions, serving 2.8 million students, by eliminating the Department of Education (CAP). 

• Musk’s Profit: Musk is slashing programs Americans rely on to fund tax cuts for himself – their plan saves Musk at least $50 million over the next decade. (ATF)

The GOP Tax Plan Will Explode the Debt:

• Adds at least $3 trillion to the deficit. (CBO)

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