Vulnerable GOP Senators Still Facing Fallout Two Years After Republicans Rolled Out Their Toxic Tax Agenda

After GOP’s tax giveaway to giant corporations and the ultra-rich laid the foundation for Republican lawsuit to end health care protections for millions, vulnerable incumbents like Susan Collins “would support it again today”

Today marks two years since Republicans launched their campaign to pass a “lopsided giveaway” to corporate special interests and the wealthiest Americans. Since then, their reckless tax handout has blown up the deficit, threatened Social Security and Medicare, and laid the foundation for a dangerous lawsuit that could send health care costs skyrocketing and gut coverage protections, such as those for people with pre-existing conditions, maternity care, and allowing kids to stay on their parents’ insurance until they turn 26.

“In the two years since Republicans rolled out their reckless tax agenda, CEO pay and profits for giant corporations have soared while the deficit has exploded and too many working families are still struggling to make ends meet,” said DSCC spokesperson Stewart Boss. “Thanks to Republicans’ lopsided handout to the special interests and the wealthy, millions of Americans are also at risk of seeing  their health care costs rise even higher and the coverage protections they rely on done away with. Every vulnerable GOP Senator up for re-election next year helped pass this harmful tax law, and we will continue to hold them accountable for their toxic records.”

As Republicans jammed their tax giveaway through the Senate, Majority Leader Mitch McConnell said, “If we can’t sell this to the American people we ought to go into another line of work.” Two years later, Americans still aren’t sold on this reckless agenda.

Read more about the ongoing fallout from Republicans’ terrible tax giveaway, two years on:

• Axios: “the 2017 tax law nullified [the ACA’s individual mandate]. That’s what sparked this lawsuit”

• NPR: GOP lawsuit to tear down the health care law “was prompted by the tax bill Republicans passed in 2017.”

• CNN: “There are a number of factors driving the US deficit increase, including the $1.5 trillion tax cuts signed into law by Trump in 2017 along with a massive spending package passed by Congress… The Committee for a Responsible Federal Budget estimates that the 2017 tax cuts combined with new spending by Congress will add more than $4.1 trillion to the federal debt by 2029.”

• Washington Post: “The financial future of the part of Medicare that pays older Americans’ hospital bills has deteriorated significantly… According to the report, less money will be flowing into the hospital-care trust fund in part because the tax law passed this year will cause the government to collect less in income taxes.”

• Reuters: Republican tax cuts to fuel historic U.S. deficits: CBO

• The Hill: Tax bill could fuel push for Medicare, Social Security cuts

• Yahoo Finance: American taxpayers paid over $90 billion more under Trump tax law

• PolitiFact: “The Republican tax cuts trimmed a year of solvency from the primary Medicare trust fund and had a negative effect on the Social Security trust fund.”

• Vox: “The GOP tax law’s lopsided giveaway to corporations… would likely make income inequality worse”

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