Trump Seals GOP’s Fate With His Billionaire First Budget — They Will Lose The House Majority Arrow

In response to Donald Trump signing his devastating budget, DNC Chair Ken Martin released the following statement:

"Today, Donald Trump sealed the fate of the Republican Party, cementing them as the party for billionaires and special interests - not working families. With this disastrous bill, Republicans will lose handily in November 2025 and the midterms in 2026. Make no mistake: This legislation will hang around the necks of the GOP for years to come. This was a full betrayal of the American people. Today, we are putting Republicans on notice: you will lose your majority."

TODAY: Trump signed his disastrous billionaire-first budget to make his tax scam permanent and fund another round of tax breaks for the ultra-wealthy on the backs of working families.

Axios: "The draft legislation would extend the cuts in the 2017 tax bill, and it adds on some more breaks."

USA Today: "Low-income families would lose, wealthier ones would gain under GOP tax proposals"

New York Times: "Poorest Americans Dealt Biggest Blow Under Senate Republican Tax Package"

Associated Press: "GOP tax bill would cost poor Americans $1,600 a year and boost highest earners by $12,000, CBO says"

Americans are souring on Trump - and his devastating bill.

• Americans oppose Trump's budget 2 to 1 - and opposition grows to 7 to 1 when people hear about the bill's drastic cuts
• Republicans oppose their own party's budget 3 to 1 when they learn about the bill's impacts
• 64% of Americans hold an unfavorable opinion of the GOP's tax and budget bill, including 34% of Republicans
• After being told that the bill would decrease funding for local hospitals, favorability of the bill falls to 21% while unfavorability rises to 79%
• 3 in 4 Americans view Medicaid favorably, including 71% of independents and 64% of Republicans
• Only 40% of Americans approve of Trump's job so far, as his approval rating among Republicans slips 13 points
• Americans - fed up with Republicans' betrayal - plan to support Democrats over Republicans in 2026

REMINDER: Trump and the GOP's budget is a direct attack on working families. His budget:

• Rips away health care from 17 million Americans through over $1 trillion in cuts to Medicaid, Medicare, and the Affordable Care Act - including the largest cut to Medicaid in American history
• Puts over 300 rural hospitals at risk of shutting down, ripping away critical, lifesaving care from hundreds of rural communities across the country
• Forces at least 1 in 4 nursing homes to close their doors
• Puts roughly 5 million Americans - about 1 in 8 SNAP participants - at risk of losing food assistance
• Cost farmers nearly $35 billion in revenue
• Endangers our communities by making it easier to buy dangerous firearms and silencers
• Adds $3.4 trillion to the national debt, while revenues fall by $4.47 trillion
• Eliminates 1.2 million jobs by 2029 - predominantly in health care and food-related sectors - through cuts to SNAP and Medicaid
• Puts 1.75 million construction jobs at risk - with unions warning, "this stands to be the biggest job-killing bill in the history of the country"
• Puts 2 million clean energy jobs at risk
• Costs state economies $154 billion in GDP
• Plummets local and state tax revenue by $12.2 billion
• Economists are sounding the alarm that this bill will worsen inflation and could trigger a financial crisis
• Increases energy costs by hundreds of dollars across the country

… all to funnel thousands into the pockets of the wealthiest Americans:

• This bill cuts $1.3 trillion in food assistance and health coverage while giving the wealthy that exact amount in tax breaks
• Actively transfers money from the poorest among us to the richest:
  • Republicans are slashing incomes among the poorest 20% by 3.8% while increasing the incomes of the richest 20% by 3.7%
  • Americans making under $15,000 - below the federal poverty level - will see their taxes increase by 12% in the short term and jump 73% by 2033
  • Americans making above $1,000,000 - more than 50 times the federal poverty level - will get an average tax handout of $79,000