From the website of John Larson:
Washington, D.C. – Today, Rep. John B. Larson (CT-01) voted against the Republican bill that cuts taxes for billionaires by slashing Medicare, Medicaid, and SNAP nutrition benefits. Now that it has been approved by the House and the Senate, the bill heads to President Trump’s desk for his signature.
“It has always been President Trump’s number one priority to make his tax cuts for the wealthy permanent, and that is exactly what this bill does,” said Larson. “What he does not mention is that it pays for those tax breaks by kicking 17 million Americans off their health care and raising premiums for others, slashing food assistance and student aid, and exploding the national debt. This bill is unprecedented in both how big of a tax cut billionaires like him and Elon Musk will receive, and also how it will hurt children, the elderly, the disabled, and our nation’s veterans. During an inflationary time when people are struggling to make ends meet, it is hard to understand how my Republican colleagues can look themselves in the mirror and vote to raise costs on the middle- and working-class people of our country, all so the wealthy can get another tax cut they do not need. Democrats will continue to shine a light on these devastating cuts. We remain focused on not only protecting but enhancing programs like Medicare, Medicaid, and Social Security for America’s working families and seniors.”
The Republican ‘Big, Ugly Bill:’
- Provides an average annual tax cut of $309,000 for the wealthiest 0.1% while individuals making $50,000 see a benefit of only $0.67 per day
- Kicks 17 million Americans off Medicaid and Affordable Care Act coverage, including 186,580 Connecticut residents
- Hikes health care premiums for the average CT-01 enrollee on the Access Health CT exchange by $1,550/year
- Slashes SNAP nutrition benefits by $186 billion, ensuring at least 34,000 Connecticut residents see their benefits cut or eliminated
- Triggers nearly $500 billion in cuts to Medicare, reducing funding for doctors and hospitals
- Moves up Social Security’s insolvency to 2032, forcing across-the-board benefit cuts if no action is taken
- Raises energy costs by $344/year for the average Connecticut household
- Reduces or eliminates Pell Grants for 43,735 college students in Connecticut
- Increases the national debt by $3.94 trillion over the next ten years
