ATF Statement on House GOP Advancing Budget Bill

February 26, 2025

House GOP votes to Cut Medicaid, Nutrition, Education To Give Corporate & Billionaire More Tax Breaks While Increasing Deficit $4T

Today, the Republican majority in the House of Representatives voted to advance their budget resolution one step closer to final approval. The proposal would enact $2.5 trillion in cuts to vital public programs, including Medicaid, nutrition assistance, and education to help fund their massive tax giveaway for the ultra-wealthy and big corporations. If enacted, their tax package would cost more than $5 trillion over ten years, redirecting money and healthcare from millions of Americans to benefit mostly the wealthy and well-connected.

“House Republicans have ignored the demands of their constituents and instead chosen to side with their billionaire donors and party leadership to advance an extreme budget bill to give trillions in tax benefits to wealthy elites at the expense of workers and families back home,” said David Kass, ATF Executive Director. “Don’t buy Republican representatives’ spin—this was far from a procedural vote with no consequences. This budget bill will strip healthcare, nutrition services, and education programs from millions of working and middle-class Americans to fund Trump’s $5 trillion in tax giveaways to billionaires and big business. There is nothing responsible or moderate about it. If Members of Congress truly care about the best interests of their constituents or the deficit, they must reject this bill and allow these harmful tax cuts to expire.”

List of cuts to pay for Trump’s Tax Scam:

  • Massive cuts of $230 billion to key nutritional programs that families depend on, like SNAP, to help fund a $350 billion pass-through deduction for millionaires.

  • $880 billion in cuts to vital health coverage like Medicaid—removing enough funding to kick millions of Americans off their healthcare coverage—to help fund Trump’s tax giveaway to the wealthy and well-connected.

  • The Republican budget proposal could impact healthcare and food assistance for millions of Americans. According to analyses, up to 36 million individuals might lose Medicaid coverage, while over 40 million people could face reduced SNAP benefits, with many potentially losing food assistance entirely.

  • The GOP is proposing Education and Workforce Committee cuts that could impact the   5 million undergraduates annually who rely on federal student loans. This could mean current students and past borrowers face potential increases in loan costs.

  • The GOP does not extend ACA premium tax credits, as a result, 20+ million people face higher healthcare costs, including 3 million small business owners, with 4 million people at risk of losing health coverage altogether.

  • This budget would eliminate the SAVE Plan while consolidating other Income-Driven Repayment Plans. An analysis shows that student borrowers’ average monthly payments could increase by nearly $200 under this proposal.