The U.S. House of Representatives and Senate have approved a $1.5 trillion tax bill that would provide massive benefits to wealthy residents and corporations. Although leaders are touting the proposal as a win for working families, a new analysis from the nonpartisan Institute on Taxation and Economic Policy found that by 2027, three out of 10 middle-income Floridians would see a tax hike under the legislation.
In order to pay for the subsequent deficit increase if this bill is enacted, the Administration and congressional leadership are expected to gut Medicaid, Medicare and the Supplemental Nutrition Assistance Program. The budget resolution that Congress approved in October 2017, which laid the groundwork for the tax bill, called for $5.8 trillion in budget cuts over the next decade.
It’s time to focus now on preserving vital programs and services that low- and moderate-income families depend on to pay rent, put food on the table and stay healthy.
Federal leaders should be investing in public services, not decimating safety nets to finance tax cuts for the wealthy and large corporations.
I strongly urge each member of the Florida congressional delegation to oppose cuts to health care, entitlement programs, food assistance and other poverty reduction programs.