U.S. Senate Committee on Finance

01/10/2025 | Press release | Distributed by Public on 01/10/2025 16:09

Wyden Statement on Extreme Republican Plan to Pay for Trump’s Tax Handouts to the Rich

January 10,2025

Wyden Statement on Extreme Republican Plan to Pay for Trump's Tax Handouts to the Rich

Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement on reports detailing the radical list of offsets Republicans are considering to pay for Trump's tax handouts to the rich:

"I will be straightforward about what this plan means. Republicans are gearing up for a class war against everyday families in America. This list outlines a plan to increase child hunger, boot tens of millions off their health insurance and lay off hundreds of thousands of clean energy workers to fund tax handouts for the wealthy. It won't be any consolation to struggling Americans that their hardship allows some rich buddy of Donald Trump's to buy a bigger yacht."

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