TITUS STATEMENT ON GOP’S BILLIONAIRES-FIRST BUDGET

Oct 27, 2017
Press Release

October 26, 2017

TITUS STATEMENT ON GOP’S BILLIONAIRES-FIRST BUDGET

Washington, D.C. -- Today Rep. Dina Titus of Nevada’s First Congressional District released the following statement after the House GOP narrowly passed its FY18 Budget Resolution, H. Con. Res. 71, a roadmap to providing billionaires a massive tax cut at the expense of working families.  

“Republicans claim they want to advance tax reform to help the middle class, but this budget does the opposite. The budget blueprint passed today supports cuts to Pell Grants and student loan programs. It continues the assault on health care by slashing Medicare and Medicaid by a combined $1.47 trillion over ten years while prolonging the failed Republican pursuit of repealing the Affordable Care Act. It cuts $653 billion from social safety net programs like SNAP, TANF, and SSI. The resolution also threatens our environmental health by fast-tracking consideration of legislation to allow drilling in the Arctic National Wildlife Refuge. Lastly, this budget highlights Republican hypocrisy, raising the deficit by $1.5 trillion over 10 years and paving the way for a rigged tax plan that gives the top one percent of earners 80 percent of the tax cuts while increasing taxes for 47 million others. Once again, we see how Republican talking points and policies don’t add up for the American people.”

OVERVIEW OF THE BUDGET RESOLUTION

Enabling Enactment of Ryan- McConnell Tax Plan, Paid for by the Middle Class

 

Raises Taxes on Middle Class Families, While Giving Deficit-Exploding, Multi-Trillion Dollar Tax Breaks for the Wealthiest:  

  • Raises Taxes on Middle Class Families.  The Ryan-McConnell billionaires-first tax plan raises the base tax rate for hard-working families and increases the burden of state and local taxes.  Under the GOP tax plan, taxes will be raised on tens of millions of middle class households.
  • Borrows Trillions from the Future to Give Tax Cuts to the Wealthiest.  80 percent of the GOP’s tax cuts go to the wealthiest 1 percent, at the expense of children and working families.
  • Budget Ransacks Medicare and Medicaid.  After adding trillions to the debt in tax breaks for corporations and the wealthiest, the Republicans will use the deficit to justify devastating Medicare and Medicaid. 
  • Democrats Want Bipartisan Tax Reform that Puts the Middle Class First.  The Democrats want real, bipartisan tax reform that puts the middle class first with A Better Deal: Better Jobs, Better Wages, Better Future.


Disinvesting in Job-Creating Infrastructure Projects

 

Infrastructure

  • Abandons the nation’s crumbling infrastructure.  The GOP budget fails to rebuild America through critical investments in our nation’s infrastructure and ensure long-term sustainability for the Highway Trust Fund, instead choosing to cut nearly $200 billion from mandatory transportation funding over the next decade.

 

  • Cuts our infrastructure investments at a time when our nation’s infrastructure is in crisis.  The American Society of Civil Engineers (ASCE) has given our nation’s infrastructure a D+ rating. We need real investment in infrastructure, not a Trojan Horse to hand tax breaks to billionaires. 

 


Slashing Investments in Education

 

Higher Education

  • Slashes Pell Grants by More Than $100 Billion, Thereby Making College Less Affordable for Nearly 8 Million Working-Class Students.  This GOP budget calls for slashing Pell Grants – which help nearly 8 million low- and moderate-income students pay tuition, fees, room and board – by more than $100 billion over the next decade.  This would cut the maximum Pell Grant – which is for the lowest-income students – dramatically, even though Pell Grants already cover the smallest fraction of college costs in more than four decades.  Pell Grants now cover only 29 percent of such costs, down from 79 percent when the program started.  

 

Head Start

  • Eliminates Head Start Services for 25,000 Children in An Average Year.  If the GOP budget’s unallocated nondefense discretionary cuts are implemented across-the-board, the budget would result in eliminating Head Start services for 25,000 children in an average year by cutting the program by $3 billion.

 

Devastating Americans’ Health Care

Medicare

  • Devastates Medicare by Slashing It By $473 Billion Over 10 Years.  This GOP budget undermines American seniors’ health security by slashing Medicare by $473 billion over 10 years.  America’s seniors rely on the security that Medicare provides them. 

 

Medicaid

  • Devastates Medicaid by Slashing It By $1 Trillion Over 10 Years.  This GOP budget contains very devastating cuts to Medicaid, slashing it by $1 trillion over the next 10 years.  Under this GOP budget, by 2027, Medicaid spending will be 30 percent below what it would be under current law.  Hence, the GOP budget is slashing Medicaid by about one-third by 2027.  This 30 percent cut would have a very damaging impact on millions of hard-working Americans on Medicaid:  veterans, seniors with long-term care needs, children and rural communities.   

 

Repealing the Affordable Care Act

  • Repeals the Affordable Care Act, Ending Health Care Protections for Millions of People.  The GOP budget continues the GOP crusade to raise the health care costs of millions of Americans, add tens of millions of Americans to the ranks of the uninsured, and take away protections for people with pre-existing conditions. 
      

NIH

  • Cuts NIH Research by $37 Billion.  If the GOP budget’s unallocated nondefense discretionary cuts are implemented across-the-board, the budget would result in a cut of $37 billion in NIH biomedical research over the next decade, cutting funding into medical research regarding such diseases as Alzheimer’s disease, cancer, diabetes, and other critical diseases.  

Undermining Other Key Priorities, Including Housing, Heating Assistance, Nutrition Assistance, and Income Security 

 

  • Housing/LIHEAP
    • Instead of investing in affordable, quality housing solutions for low-income Americans, the GOP budget would cut $37 billion in affordable housing and the Section 8 rental assistance program – eliminating housing assistance for more than one million families, if its unallocated nondefense discretionary cuts are implemented across-the-board .
    • The GOP budget would cut $4 billion from the Low Income Home Energy Assistance Program (LIHEAP) – eliminating heating and cooling assistance for 700,000 seniors on fixed incomes, people with disabilities and families with children, if its unallocated nondefense discretionary cuts are implemented across-the-board.
       
  • Nutrition Assistance (WIC)
    • The GOP budget would cut $6.5 billion from the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), thereby eliminating WIC nutrition assistance for 1.25 million women, infants and children over the next decade, if its unallocated nondefense discretionary cuts are implemented across the board. 

 

  • Income Security 
  • The Republican budget slashes $653 billion in mandatory funding over the next decade for income security initiatives that provide crucial assistance to vulnerable Americans, including seniors, people with disabilities, families with children and unemployed workers. A cut of this magnitude would dramatically and directly impact the Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance to Needy Families (TANF), foster care, and Supplemental Security Income (SSI) benefits.     

 

Fast-Tracks Drilling in the Arctic National Wildlife Refuge (ANWR)

  • Finally, the Republican budget includes reconciliation instructions designed to open the Arctic National Wildlife Refuge to oil and natural gas drilling, which would threaten the environment and recreational sports – including hunting and fishing, as well as damage air and water quality across the 19 million acres of protected lands.