MADISON, Wis. – In case you missed it, the nonpartisan Congressional Budget Office (CBO) released an updated analysis of the Republican Tax Law this week, confirming that more than 15 million Americans will lose health care as a result of the law’s passage.
According to the report, 10 million Americans will lose access to health care as a direct result of the law, while a previous CBO analysis also found an additional 5.1 million will lose access because premium tax credits are set to expire under the new law. In addition to taking health care away from millions of Americans, the Republican Tax Law also makes devastating cuts to SNAP, which helps working families in Wisconsin survive, all to give new tax breaks to the ultra-wealthy. Wisconsin’s entire Republican congressional delegation voted for the bill, including Congressmen Bryan Steil and Derrick Van Orden.
“Thanks to Congressmen Steil and Van Orden’s votes, millions of Americans will be left without access to health care. They voted for a law that prioritizes tax breaks for the wealthiest Americans, while throwing millions of lives into chaos as families struggle with how to afford the basic care they need to succeed,”said Opportunity Wisconsin Programs Director Meghan Roh. “The Republican Tax Law ignores what’s best for people. Whether it’s ripping healthcare away, jeopardizing Medicaid, or forcing more families to go hungry, this law is going to hurt Wisconsinites.”
AP: Budget office says Trump’s tax law will add $3.4 trillion to deficits, leave 10 million uninsured
- President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the projection that takes into account the final tweaks that Republicans made before getting the legislation over the finish line.
- More than 10 million people will be uninsured under the law in 2034 because of the law, CBO found.
- The release of the CBO analysis Monday comes at the end of a grueling legislative fight, but at the start of a longer political struggle to come as the two parties clash over the law’s impact on the economy, healthcare and government programs. Republicans are touting the bill as a tax cut for all Americans, yet a recent AP-NORC poll found about two-thirds of U.S. adults expect the new tax law will help the rich as Democrats attack the legislation.
