45's Tax Scam is a massive giveaway to the wealthy and corporations, paid for by raising taxes on some middle class families and forcing deep cuts to Medicaid, Medicare, and Social Security down the road. Republicans want to eliminate taxes that only affect the wealthiest individuals and let corporations pay even less than they already do. The vast majority of the benefits from the Republicans’ plan will go to the top 1%, which will exacerbate our country’s massive racial wealth gap. This week we're signal boosting indivisible's Trump Tax Scam information on the Couch! Below find information from Indivisible on the 45's Tax Scam.
The fight in Congress over the Trump Tax Scam is happening right now. Republicans want to use a special process in the Senate called “reconciliation” to jam the Trump Tax Scam through with only 51 votes. This is what they tried to do with TrumpCare—and you stopped them with your constituent power. To use reconciliation, the House and Senate had to pass a budget resolution, which they finished on October 26. Nearly every Republican in both the House and Senate voted for this budget resolution, which tees up huge tax cuts for the rich and corporations that jeopardize our commitment to Medicaid, Medicare, and Social Security.
The Trump Tax Scam would give massive tax breaks to corporations and the wealthiest 1% of Americans, an income band that is overwhelmingly white—meaning the Trump Tax Scam leaves communities of color behind. Republicans would pass these tax breaks by adding $1.5 trillion to the deficit, which would force deep cuts to Medicaid, Medicare, and Social Security down the road.
Fortunately, this fight is only just beginning. If your Member of Congress voted for the budget resolution, it is critical that YOU hold him/her accountable for voting to slash Medicaid and Medicare in order to give tax cuts to the wealthy and corporations. Turn up the heat now so when it comes time to vote on the Trump Tax Scam itself, they know where you stand.
Check out Indivisible's #Trumptaxscam organizing guide and get your friends together for your own payout event.
The Republicans are done with the first phase of passing the Trump Tax Scam, the budget resolution. But they have a long way to go before the Trump Tax Scam is signed into law. Here’s what we expect to happen next:
- Release the legislative text of the Trump Tax Scam (the bill) on 11/2
- Hold a committee mark up in House Ways & Means the week of 11/6
- Hold a vote in the House the week of 11/13
- Hold a committee mark up in Senate Finacne the week of 11/13
- Hold a vote in the Senate sometime after Thanksgiving but before 12/11