Issues: Taxes

Economic Experts: To help 1%, Senate Republican tax plan would cost over 13 million Americans health care

24 hours after Senate Republicans added repeal of the Affordable Care Act’s individual mandate to their tax plan – in order to finance corporate tax cuts that overwhelmingly benefit the wealthiest Americans – economic experts are making clear that this would have devastating costs for the middle class.

To permanently cut taxes for big business, Senate Republicans would take healthcare coverage from 13 million Americans, send health insurance markets into chaos, and cause premiums to skyrocket across the board.

On top of these new medical and financial burdens for hardworking Americans, former Obama Administration economic adviser David Kamin explains that, in 2027, $30 billion of corporate tax cuts would be paid for by raising taxes on everyone EXCEPT the richest 1% of Americans.

This comes as Republican Senators are openly admitting that they are rushing to pass this tax bill to please big money donors.

Center on Budget and […]

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New Digital Ad Blasts GOP Tax Plan for Encouraging Outsourcing of American Jobs

As the House prepares to vote on the Trump tax bill this week, Bridge Project is launching a new digital ad sounding the alarm that the plan would break Donald Trump’s biggest promise by encouraging multinational companies to outsource good-paying American jobs.  The new ad will begin running today on social media networks.

To watch the new digital ad, “Trump’s Tax Plan Sells You Out,” click HERE.

“Donald Trump’s economic policies could not be more at odds with the promises he made on the campaign trail,” said American Bridge Vice President Shripal Shah. “Instead of working on a jobs plan, he’s stacking his administration with lobbyistsand pushing through a tax bill that would send American jobs overseas – and that’s on top of raising taxes on millions of middle class Americans to cut taxes for the rich.  His agenda speaks volumes about who he’s truly looking out for, and […]

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Editorial Roundup: “If True” Edition

The Trump administration was again rocked by a series of negative editorials from newspapers across the country this week, as they planned to raise taxes on the middle class to give wealthy people like Trump a tax cut, refused to act to prevent mass shootings like the tragedy in Texas, and wouldn’t demand Roy Moore drop out of the Alabama Senate race following revelations he’d made sexual advances on underage girls.

Here’s what Americans read this week in their local newspapers:

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Asbury Park Press: GOP Tax Reform Plan Works — For The Rich

House Republicans revealed their tax “reform” plan on Thursday, the one President Trump has never tired of telling us will be really, really terrific — maybe the best idea in the history of American history. He is, of course, spectacularly wrong.

This is a colossal mess, a wildly ill-conceived handout to the wealthy […]

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NEW REPORT: Senate GOP tax scam raises taxes on 1 in 3 middle class Americans

American Bridge spokesperson Andrew Bates release the following statement after a new analysis found that, like the House Republican tax plan, the Senate proposal unveiled yesterday would raise taxes on one third of middle class Americans:

“Donald Trump, Mitch McConnell, and Paul Ryan have all lied to the American people about the Republican tax scam, which would raise taxes on 1 in 3 middle class Americans in order to create new giveaways for the wealthiest taxpayers and large corporations. The writing is on the wall – instead of fighting to deliver economic relief to hardworking Americans like they promised, Trump and congressional Republicans are selling them out with this tax plan.”

This comes as both Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan have been forced to admit that a previous claim they both made – that all Americans would receive tax cuts under their plans – is […]

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American Bridge Statement on Senate Republicans’ Tax Scam

American Bridge Vice President Shripal Shah released the following statement after Senate Republicans released a tax plan that, like the House version, would further rig the American economy in favor of the wealthiest taxpayers and large corporations:

​”​Senate Republicans – just like Republicans in the House – are joining with Donald Trump to cut taxes for the wealthiest Americans and large corporations at the expense of everyone else. They even admit that this whole effort, which sell​s​-out average Americans counting on relief, is about paying-off big money donors so that they’ll keep giving to Republican campaigns. This​ corrupt Trump tax scheme​​ would hurt the American people, and Republicans who go down this road will be held accountable by their constituents.”

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In disastrous interview, Trump’s to​p​ economic adviser lies about middle class tax rates

American Bridge spokesperson Andrew Bates released the following statement after National Economic Council Director Gary Cohn admitted the Trump tax plan is rigged to benefit big corporations​ -​ not the middle class​ – ​and that CEOs were the “most excited” about the Republican tax plan:

​“The Trump Administration keeps sinking to new lows​ to sell their tax scam​. Things may look different from Goldman Sachs headquarters, but middle class Americans know that they are the ones who need relief – not big corporations and CEOs.  The country can’t afford ​an economy that’s rigged even more in favor of the wealthy at the expense of everyone else. ​Republicans are outright lying in order to raise taxes on the middle class just so they can finance new tax breaks for their campaign donors.”

Importantly, Fortune 500 CEOs have already declared that they plan to use the savings from […]

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Statement on CBO Report: Trying To Take Health Care From Millions Is Recipe For Even More GOP Losses

American Bridge Vice President Shripal Shah issued the following statement after the nonpartisan Congressional Budget Office estimated that 13 million Americans would lose their healthcare coverage if Republicans repealed the Affordable Care Act’s individual mandate with their tax plan, as Donald Trump is urging them to do:

“Voters sent an unmistakable message to Donald Trump and Republicans last night: take healthcare coverage from millions of Americans in order to cut taxes for the wealthy and big corporations at your own risk.  The Trump tax scam already threatens to raise taxes on millions of middle class families, and yesterday a Republican member of Congress even admitted that this is all about pleasing big-money campaign donors.  Republicans in Congress who join with Donald Trump to sell-out hardworking people will be held accountable in 2018, just like Ed Gillespie and Republicans were last night.”

Exit polls indicate that healthcare was the […]

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NEW ANALYSIS: Congress’s official tax scorekeeper finds GOP plan would raise taxes on millions of middle class families

American Bridge spokesperson Andrew Bates released the following statement after the nonpartisan Joint Committee on Taxation found that in 2027, the Republican tax plan would raise taxes on millions of middle class Americans, refuting false claims from Trump and members of Congress:

“Donald Trump and congressional Republicans are insulting the intelligence of the American people as they try to rig the U.S. economy against them. Raising taxes on millions of middle class families in order to create new tax breaks for the wealthy and large corporations tears Trump’s ‘populist’ promises to shreds. Revealingly, at the very same time one of the closest Republicans in Congress to Trump slipped and told the truth: this tax scam that sticks it to American families is all about pleasing big-money Republican donors.”

Yesterday, a New York Times analysis also found that “Nearly half of all middle-class families would pay more in taxes in […]

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Statement: Trump threatens more Obamacare sabotage unless Republican tax bill takes coverage from millions as it raises taxes on middle class families

American Bridge spokesperson Andrew Bates issued the following statement after it was reported that Donald Trump is preparing an executive order to cripple the Affordable Care Act’s individual mandate, and which would be used if congressional Republicans do not repeal the mandate in their tax reform plan.

​”Raising taxes on millions of middle class families, and at the same time taking health coverage from 15 million people, in order to pay for new tax cuts for the wealthiest Americans and large corporations is dead wrong as an economic policy, and would be a catastrophic one-two punch for working people. Trump’s partisan sabotage of health insurance markets is already making healthcare costs skyrocket, and at the same time he’s trying sell them out even more by rigging the tax code for millionaires.”

The Trump Administration’s own Department of Health & Human Services has confirmed that premiums on the […]

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GOP Wants To Cut Cut Cut Health Insurance From 15 Million Americans With Trump’s Tax Bill

American Bridge spokesperson Andrew Bates issued the following statement after House Ways & Means Chairman Kevin Brady said that, after urging from Donald Trump, Republicans were considering adding repeal of the Affordable Care Act’s individual mandate to their tax plan.

“Let me get this straight – the Republican tax plan that is the centerpiece of Donald Trump’s economic agenda would raise taxes on millions of middle class Americans in order to pay for enormous new breaks for the wealthy and large corporations, and now they may also try to take healthcare away from 15 million Americans? This is repugnant, and it would be a gut punch to the very people counting on economic relief.”

This morning, The New York Times reported that economic modelling calculations using TaxBrain show that 13 million Americans who earn $100,000 a year or less would see their taxes increase under the Republican plan. An […]

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