A new report finds GOP policies would exacerbate hardship in order to give tax breaks to the wealthy and corporations.
If Republicans were to win the White House and Congress, their fiscal agenda would increase poverty and hardship nationwide in order to provide deep tax breaks for corporations and wealthy families, according to the Center for Budget and Policy Priorities , a liberal-leaning think tank.
Democrats are betting such policies will be unpopular with voters in November and are taking a more populist tack. Vice President Kamala Harris is promoting a platform in line with the Biden administration’s current policies and focused on small businesses, working families and housing affordability. However, Harris has been criticized for making half-baked proposals as her presidential campaign scrambled to catch up in the weeks after President Joe Biden dropped out of the race.
Meanwhile, the House Republican Study Committee would cut the average benefits that low-income families receive from the Supplemental Nutrition Assistance Program by 22 percent, which would leave the parents of 17 million children with less money to buy food. This comes as a new report from the U.S. Department of Agriculture reveals that 18 million families already struggled with food insecurity in 2023.
Both budget plans from the House GOP call for extending the tax cuts signed by former president Donald Trump in 2017 and set to expire next year. The plans call for extending all of the cuts to individual income taxes, which would cost the government $4 trillion over 10 years. Additional tax cuts for businesses would also become permanent.
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