MORE CUTS, MORE HARM TO VIRGINIANS
So what did the final version of the Big Ugly Bill do? Raise costs for all of us.
In a nutshell, it strips millions of Americans of health insurance, including over 300,000 Virginians, while raising health care costs for everyone else and putting rural hospitals and free clinics at risk; guts food assistance; eliminates tax credits — and jobs — in the clean energy sector, raising utility bills; increases the deficit by $3.4 trillion; and raises the debt ceiling by $5 trillion.
With over 600,000 Virginians on both Medicaid and SNAP, this bill hits these folks twice as hard and forces them to choose between going to the doctor and feeding their families.
When we rip away support for those vulnerable Virginians, it doesn’t just hurt those families.
Without coverage, those Virginians just delay care, get sicker and increase costs for everyone else. The bill also shifts more Medicaid and SNAP costs to the states, which are already grappling with the budget implications of President Trump’s trade war, purge of federal employees and withholding of federal funds. This additional cost shift will force the Virginia General Assembly to make the difficult choice between raising taxes or cutting essential services.
Every Virginian will feel the impact of this bill.
You can read the House Budget Democrats’ preliminary analysis of the bill’s major provisions by subject matter here.
Who does the bill benefit? The ultra-wealthy.
In fact, this bill to enact the President’s agenda has been called the largest transfer of wealth from the poor and middle class to the ultra-rich in U.S. history with the bottom-earning 80 percent of Americans paying for tax cuts for the wealthiest few.
Congressional Republicans and the Trump Administration have decided this country can’t afford aid for our neighbors in greatest need, but we can cut taxes and create tax loopholes for the ultra-wealthy — a staggering moral failure in the name of fiscal responsibility.
If we can’t afford to feed American children or cover lifesaving health care for working families, we certainly can’t spare billions to lock in lower corporate taxes and cut estate taxes.
It begs the question: Who are House Republicans working for?
The American people, or President Trump and his billionaire donors?
I joined CNN on July 4th to lay out what happens next and how Americans will pay the price.
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