Trump's National Debt-Adding Bill: A Devastating Blow to American Families

President Trump's latest proposal promises to balloon the national debt while providing massive tax breaks for the wealthiest Americans, all while gutting critical programs and services used by everyday families. The bill is set to raise taxes on low-income households, slash federal Medicaid funding, and decimate middle-class opportunities, including health care and children's access to college.

Key Takeaways:

The bill gives tax breaks to the ultra-rich, with the top 0.1 percent receiving a $309,000 tax cut on average, more than three times the annual income of the typical American household.
Those making $30,000 a year or less would see a tax increase, with their taxes rising on average by 2029.
The bill cuts programs for families trying to make ends meet, including health care, food assistance, and public safety programs.
686,000 California jobs are at risk due to the elimination of the Inflation Reduction Act's clean energy tax credits.
The bill slashes $28.4 billion in federal Medicaid funding to California, leaving 3 million people nationwide without access to quality nutrition and food.
Rural hospitals across the state are likely to see care offered cut or doors closed entirely.
The bill defunds public safety programs, cutting $646 million from FEMA for violence and terrorism prevention, $545 million from the FBI, and $468 million from the ATF.
The plan endangers wildfire-prone communities by cutting wildfire prevention programs and eliminating personnel hired to fight wildfires.
The bill defunds Planned Parenthood, potentially putting health care for 1.1 million patients at risk and forcing nearly 200 health centers to close.
The plan unfairly targets green vehicles, increasing the cost of taking personal responsibility for families.
The bill unjustly targets American students by limiting families' ability to access financial aid for college, including Pell Grants.
The plan raises costs and separates American families by pouring billions of dollars into supercharging the cruel and reckless raids like those seen in Southern California and across agricultural areas.

Statistics:

686,000 California jobs at risk due to the elimination of the Inflation Reduction Act's clean energy tax credits
$28.4 billion slashed in federal Medicaid funding to California
3 million people nationwide without access to quality nutrition and food
$646 million cut from FEMA for violence and terrorism prevention
$545 million cut from the FBI
$468 million cut from the ATF
1.1 million patients at risk of losing health care due to Planned Parenthood defunding
200 health centers likely to close due to Planned Parenthood defunding
$309,000 average tax cut for the top 0.1 percent
2029: Average tax increase for those making $30,000 a year or less
11 million newly uninsured for health care nationally
17 million people would lose coverage and become uninsured by 2034 due to Medicaid reductions and exclusion of enhanced premium subsidies

Sources:

US State of California Governor, "President Trump's National Debt-Adding Bill: A Devastating Blow to American Families"
NABTU, "The Biggest Job-Killing Bill in History"