Money talks, and Republicans made their priorities clear in the GOP tax scam. Republicans ripped away health care tax credits from millions of working families to bankroll the largest tax cut in history for the wealthy. From Alaska to Florida, Americans are straining under the weight of doubling, tripling, and quadrupling health insurance premiums because Trump and the GOP put tax breaks for corporations and billionaires before Affordable Care Act (ACA) tax credits that kept health care affordable for millions.
Now, every day, millions of families trapped in the GOP’s health care affordability crisis are forced to make gut-wrenching decisions about their futures. A Louisiana farmer and his wife had to give up their coverage or face crippling debt. A Texas retiree cut his budget down to the bare bones to afford his premium until he qualifies for Medicare. A Louisiana woman was forced to finish out her high-risk pregnancy without coverage. Middle-class Americans with unpredictable incomes are being hit with tax increases that could grow exponentially next year.

This tax season, millions of working Americans are paying the price because the GOP made their message clear: “America First” only applies to the rich and powerful.

The GOP tax scam:

  • Doubled and tripled premiums for millions of hardworking Americans, including small business owners, farmers, and older adults;
  • Puts health care out of reach entirely for an estimated 15 million Americans, including over four million who rely on the ACA;
  • Forces middle-class families to shoulder hundreds of billions in higher health care costs, hiking taxes for those who rely on ACA tax credits by an average of $4,000 in 2027;
  • Funneled millions of families into reduced coverage that will force them to pay thousands more each year in health care costs; and
  • Pressured countless families to cut back on food, clothing, and other basics to afford health insurance and greater out-of-pocket costs.

Trump Sold Out the Working Families Who Voted For Him, To Shower His Billionaire and Corporate Donors With Tax Breaks. Trump ripped away hundreds of billions in health care tax credits from working families who rely on the ACA, while remaining mum when it comes to people with employer-based coverage who, regardless of income, receive tax breaks for health coverage averaging triple the amount of ACA tax credits. His relentless attacks on the ACA are damaging the livelihoods of his supporters despite his false claims that they will benefit from his tax cuts. More than 3 in 4 Americans who rely on the ACA for health coverage live in states won by Trump in 2024. States such as Georgia, Florida, North Carolina, and Ohio have seen the biggest declines in enrollment after he gutted the ACA tax credits. While millions of Americans struggle to afford basic health care, corporations are raking in over $730 billion in new tax breaks thanks to the GOP tax scam, in addition to the 40 percent cut to the corporate tax rate they secured from Trump in 2017. Big drug companies such as Pfizer, Johnson and Johnson, and Merck have paid $0 in federal taxes since 2018, and to top it off, Trump showered Big Pharma with additional special tax giveaways, including a $15 billion deduction loophole and a $9 billion gift at the expense of seniors and taxpayers. Under Trump, the richest 1 percent pocketed over $1 trillion in tax breaks, with $890 billion going to millionaires and over $500 billion going to people who make over $2 million a year. Now, after cashing in from showering their donors with tax breaks, Republicans are poised to spend over $340 million to keep control of the Senate.

Thanks to Trump, Next Tax Season Will Be Even Harder On Working Families Trying to Get By. Working families enrolled in ACA coverage could be hit with tens of thousands of dollars in unexpected taxes next year since Republicans removed the income repayment limit that once shielded working Americans from unreasonable penalties. 43 percent of those who managed to afford coverage despite GOP premium hikes are planning to take on extra jobs or shifts to afford health care. However, if these families misestimate their income, which is often unavoidable for gig workers and seasonal workers, they may end up paying a steep price.