Press Release

Senate Votes to Take Cash, Care, and Food From Families to Enrich Billionaire Donors

07. 01. 2025

The GOP’s Billionaire Tax Scam is a nightmare for America’s working and middle-class families

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WASHINGTON, DC – Today, the Senate delivered a devastating gut punch to American families by passing their version of President Trump’s big, ugly budget reconciliation bill. The bill now heads back to the House to be rubber-stamped before landing on the President’s desk. As Americans struggle with sky-high prices on everyday goods, stagnant wages, and real, widespread fears about the country’s economic stability, this bill stands to make all of these problems worse.

“Republican Senators just carried out a highway robbery of the American people,” said Adam Ruben, Director of Economic Security Project Action. “Republicans will have to answer for every hospital that closes, every kid that goes hungry, and every parent that has to choose between keeping the lights on or seeing a doctor. They’re causing all of this preventable suffering because they care more about their billionaire friends and mindlessly obeying President Trump than making life better and more affordable for their voters.” 

Some of the many harms in this bill include:

  • Stripping the Child Tax Credit from millions of kids because of their parents’ immigration status and failing to extend the credit to the poorest kids.
  • Forcing catastrophic cuts to Medicaid, the ACA, and SNAP, causing around 17 million people to lose their health insurance and millions to lose their food assistance. 
  • Raising taxes on working people who earn less than $51k a year, but give millionaires an average annual tax cut of $100,000. 

Taken together, this massive bill will hurt the American people by:

  • Raising taxes on working-class families while giving multi-millionaires a tax cut.
  • Kicking millions of people off their health insurance and increasing health costs.
  • Taking food away from millions of hungry families every month. 
  • Jacking up utility bills due to increased energy costs. 
  • Making college more expensive.