{"id":1051808,"date":"2025-03-04T21:51:36","date_gmt":"2025-03-05T02:51:36","guid":{"rendered":"https:\/\/democrats.org\/?p=1051808"},"modified":"2025-03-04T21:51:37","modified_gmt":"2025-03-05T02:51:37","slug":"trump-doubles-down-on-tax-handouts-for-billionaires-and-big-corporations-on-the-backs-of-working-americans","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-doubles-down-on-tax-handouts-for-billionaires-and-big-corporations-on-the-backs-of-working-americans\/","title":{"rendered":"Trump Doubles Down On Tax Handouts for Billionaires and Big Corporations on the Backs of Working Americans"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Tonight, Donald Trump once again made it clear that he wants to give ANOTHER round of tax handouts to his billionaire backers and big corporations \u2014 instead of helping working families. Since Day One, Trump has done everything in his power to line the pockets of the ultra-rich, while doing nothing to address skyrocketing costs, high inflation, and a tanking economy. <\/em><\/p>\n\n\n\n

Trump has repeatedly vowed to give his billionaires backers and big corporations another round of tax handouts, despite the fact that his expensive agenda will raise costs on working families. <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cYou\u2019re all people that have a lot of money. \u2026 You\u2019re rich as hell. \u2026 We\u2019re gonna give you tax cuts.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cI will never let the Trump tax cuts \u2026 be taken away.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a> on whether his second term tax policies would echo those of his first term: \u201cYes, and I\u2019d do even more taxes.\u201d<\/p>\n\n\n\n

Vanity Fair<\/a>: \u201cDonald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term\u201d<\/strong><\/p>\n\n\n\n

Last week, Republicans pushed through their disastrous funding agenda, putting health care on the chopping block to fund Trump\u2019s tax handouts to the ultra wealthy. <\/strong><\/p>\n\n\n\n

Jake Sherman, Punchbowl News<\/a>: \u201cTHE HOUSE GOP BUDGET RESOLUTION has passed<\/strong><\/p>\n\n\n\n

\u201cVote was 217-215.\u201d<\/strong><\/p>\n\n\n\n

Politico<\/a>: \u201cSpeaker Mike Johnson said Monday that he isn\u2019t planning to make any changes to his budget plan to placate Republicans concerned about possible Medicaid cuts. \u2026<\/p>\n\n\n\n

\u201cThe budget blueprint sets out a minimum of $880 billion in cuts from the House Energy and Commerce Committee, and a group of vulnerable House Republicans is arguing that the bulk of those reductions will have to come out of Medicaid given that the panel has virtually no other options to make cuts of that magnitude.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cHouse Republicans hunting for ways to pay for President Trump\u2019s tax cuts have called for cutting the federal government\u2019s share of Medicaid spending, including a proposal that would effectively gut the Affordable Care Act\u2019s 2014 expansion of the program. \u2026<\/p>\n\n\n\n

\u201cA move to lower federal spending on the Medicaid expansion population could effectively gut the program. <\/strong>Around 10 states that have expanded their programs have so-called trigger laws that reverse the Medicaid expansion if the federal government decreases funding for the population. \u2026 More than 21 million adults who were not eligible for Medicaid under pre-expansion guidelines received coverage last year.<\/strong>\u201d<\/p>\n\n\n\n

REMINDER: In Trump\u2019s first term, his tax scam gave massive handouts to the ultra-wealthy at the expense of working families and created new incentives for companies to ship jobs overseas.<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cFor the first time in history, U.S. billionaires paid a lower tax rate than the working class last year\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Tonight, Donald Trump once again made it clear that he wants to give ANOTHER round of tax handouts to his billionaire backers and big corporations \u2014 instead of helping working families. Since Day One, Trump has done everything in his power to line the pockets of the ultra-rich, while doing nothing to address skyrocketing costs, […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1051808","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump Doubles Down On Tax Handouts for Billionaires and Big Corporations on the Backs of Working Americans - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trump-doubles-down-on-tax-handouts-for-billionaires-and-big-corporations-on-the-backs-of-working-americans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-05T02:51:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-05T02:51:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-doubles-down-on-tax-handouts-for-billionaires-and-big-corporations-on-the-backs-of-working-americans\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-doubles-down-on-tax-handouts-for-billionaires-and-big-corporations-on-the-backs-of-working-americans\/\",\"name\":\"Trump Doubles Down On Tax Handouts for Billionaires and Big Corporations on the Backs of Working Americans - 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