Tax Benefits for Corporations and Super Wealthy, and Pain for Everyone Else
Washington – Senate Republicans have shoved through the Senate a widely unpopular tax plan that is a give-way to corporations and the very wealthy.
National Health Law Program Executive Director Elizabeth G. Taylor criticized Senate Republicans for ramming through a tax scheme, with little debate and less transparency, which will harm the most vulnerable populations in the country.
“This is a bill that robs from the poor to give to the rich,” Taylor said. “It will drive more families into poverty, while substantially reducing tax revenue from corporations, estates, and individuals with high incomes. Adding to the damage, inclusion of a repeal of the ACA’s individual mandate will cause 13 million people to lose health insurance and the size of the deficit will force automatic cuts in basic safety net programs. Our leaders should be working to reduce the expanding gap between the rich and the poor; this tax bill takes us in the wrong direction.”
NHeLP Managing Attorney of the D.C. office Mara Youdelman said the tax plan, if enacted into law, will lead to disaster for vital domestic programs like Medicaid and Medicare.
“Senate Republican’s outrageously unfair and mean-spirited tax plan is paving the way for an era of run-away deficits and calls for severe cuts to Medicaid, Medicare, the Affordable Care Act and other domestic programs vital to hard-working people. Senate Republicans and Trump have brazenly revealed whose side they are on – and it should not surprise. The Republican powers-that-be are once again coddling corporations, and the wealthy individuals who fund Republicans’ political campaigns.”
Please contact NHeLP’s Director of Communications Jeremy Leaming for further comment from Taylor and Youdelman on the Republicans’ tax plan.
NHeLP, founded in 1969, advocates for the rights of low-income and underserved people to access quality health care.