{"id":1033040,"date":"2024-05-22T18:07:06","date_gmt":"2024-05-22T18:07:06","guid":{"rendered":"https:\/\/democrats.org\/?p=1033040"},"modified":"2024-05-23T19:54:14","modified_gmt":"2024-05-23T19:54:14","slug":"donald-trump-promises-maga-billionaire-backers-tax-breaks-while-leaving-working-texans-behind","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/donald-trump-promises-maga-billionaire-backers-tax-breaks-while-leaving-working-texans-behind\/","title":{"rendered":"Donald Trump Promises MAGA Billionaire Backers Tax Breaks While Leaving Working Texans Behind\u00a0"},"content":{"rendered":"\n
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In response to Donald Trump\u2019s visit to Dallas and Houston,<\/em> DNC spokesperson Cameron Niven <\/em><\/strong>released the following statement: <\/em><\/p>\n\n\n\n

\u201cThe only Texans Donald Trump is fighting for are the ultra-rich \u2013 like the ones he\u2019s here to see \u2013 not working families. During his first term, Trump gave handouts to the ultra-wealthy and largest corporations while he attacked Social Security, Medicare, and Medicaid at the expense of working families. Texas received historic investments thanks to President Biden. Now, Donald Trump is campaigning on rolling back President Biden\u2019s legislation that is investing billions of dollars into Texas\u2019 economy \u2013 while promising handouts to his rich donors. While Trump tries to rig the economy against working families, President Biden is fighting to lower costs, create high-paying jobs and ensure billionaires pay their fair share.\u201d <\/p>\n\n\n\n

Donald Trump wants to roll back President Biden\u2019s Inflation Reduction Act \u2013 putting at risk billions of dollars of investments in Texas. <\/strong><\/p>\n\n\n\n

MIT Technology Review<\/a>: \u201cTrump wants to unravel Biden\u2019s landmark climate law. Here is what\u2019s most at risk.\u201d<\/p>\n\n\n\n

The Hill<\/a>: \u201cDemocrats\u2019 sweeping Inflation Reduction Act (IRA) has fueled significant progress in the fight against climate change since its passage in 2022. But if former President Trump wins back the presidency in November, he\u2019s likely to undermine those gains \u2014 or help a Republican Congress do away with the law entirely.\u201d<\/strong><\/p>\n\n\n\n

ABC News<\/a>: \u201cUnder President Biden, Texas has received about $120 billion in private sector investment in manufacturing<\/strong>, as well as $30 billion in public infrastructure and clean energy investment<\/strong>, White House data shows.\u201d <\/p>\n\n\n\n

Forbes<\/a>: <\/strong>\u201cTexas, which would reap the largest economic rewards from IRA provisions<\/strong> with 100,000 new jobs and $15 billion in new GDP by 2030, also faces some of the country\u2019s harshest climate change impacts. The state ranks second in the U.S. for wildfire risk, has already warmed 2.2 degrees Fahrenheit, and 62% of its counties were in \u2018extreme drought\u2019 last year.\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTexas<\/strong>, the top producer of wind energy, is expected to draw $66.5 billion in investments, the most of all states<\/strong>, according to the White House\u2019s estimates.\u201d<\/p>\n\n\n\n

Newsweek<\/a>: \u201cTexas and other Republican states that benefit disproportionately from the Inflation Reduction Act (IRA) <\/strong>would lose billions of dollars <\/strong>of investment in their economy were Donald Trump to be re-elected <\/strong>in November and seek to repeal the landmark Biden administration deal.\u201d<\/p>\n\n\n\n

Houston Chronicle<\/a>: \u201cOver the next eight years, Texas is expected to see $66.5 billion in investment<\/strong> through the legislation, expanding wind and solar energy, advanced batteries and other sources of clean electricity \u2014 more than California, New York or Florida.\u201d<\/strong><\/p>\n\n\n\n

Texas Tribune<\/a>: \u201cThe White House estimates that Texas will receive about $35.44 billion over five years for roads, bridges, pipes, ports, broadband access <\/strong>and other projects after federal lawmakers passed a long-anticipated national infrastructure bill on Friday.\u201d<\/p>\n\n\n\n

Trump has vowed to make his <\/strong>extreme tax scam<\/strong><\/a> permanent, which would give handouts to the wealthiest .01 percent of Americans while leaving working Texans behind. <\/strong><\/p>\n\n\n\n

Americans For Tax Fairness<\/a>: \u201cBillionaires Are $2.2 Trillion Richer Since 2017 Trump-GOP Tax Law\u201d<\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/p>\n\n\n\n

Economic Policy Institute<\/a>: \u201cThe TCJA overwhelmingly benefited the rich and corporations while overlooking working families\u201d<\/p>\n\n\n\n

ProPublica<\/a>: \u201cIn the first year after Trump signed the legislation, just 82 ultrawealthy households collectively walked away with more than $1 billion in total savings, an analysis of confidential tax records shows.\u201d<\/p>\n\n\n\n

Trump has already doubled down on his promise to make permanent and extend his disastrous tax giveaways for the ultra-wealthy.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cI will never let the Trump tax cuts \u2026 I will never let them be taken away.\u201d<\/p>\n\n\n\n

Trump<\/a>: \u201cYou\u2019re all people that have a lot of money \u2026 You\u2019re rich as hell \u2026 We\u2019re gonna give you tax cuts.\u201d<\/p>\n\n\n\n

Trump<\/a> on whether his second term tax policies would echo those of his first term: \u201cYes, and I\u2019d do even more taxes.\u201d<\/p>\n\n\n\n

Vanity Fair<\/a>: \u201cDonald <\/strong>Trump <\/strong>Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term: Report\u201d<\/p>\n\n\n\n

From delivering accessible health care to student loan relief, President Biden is fighting for Texans. <\/strong><\/p>\n\n\n\n

Texas Tribune<\/a>: \u201cMore Texans than ever have signed up for cheap or free health care coverage through the Affordable Care Act<\/strong>, with more than 1 in 9 residents covered under government-subsidized health plans for 2024, according to federal health data released on Wednesday.\u201d<\/p>\n\n\n\n

Axios<\/a>: \u201c[ACA] Enrollment in Texas increased by just over 1 million to 3.5 million.\u201d <\/p>\n\n\n\n

Texas Tribune<\/a>: \u201cTexas remains the state with the most uninsured Americans, but recent estimates from the U.S. Census Bureau reveals that last year\u2019s percentage of Texans without health coverage, 16.6%, was at one of the lowest points in a decade.\u201d<\/strong><\/p>\n\n\n\n

Texas Public Radio<\/a>: \u201cAlmost 3.5 million Texans have health insurance<\/strong> through the ACA Marketplace for 2024.\u201d<\/p>\n\n\n\n

Austin American Statesman<\/a>: \u201cNearly 14,510 Texans no longer owe student loans thanks to the program<\/strong>, which is forgiving nearly $117 million in debt \u2014 more than in any other state<\/strong>.\u201d<\/p>\n\n\n\n

Dallas Morning News<\/a>: \u201cMore borrowers in Texas granted student loan forgiveness than any other state\u201d<\/strong><\/p>\n\n\n\n

Trump is running on an agenda to slash Medicare and Social Security and \u201cterminate\u201d the Affordable Care Act, despite the devastating potential consequences for Texans and Americans. <\/strong><\/p>\n\n\n\n

Daily Beast<\/a>: \u201cTrump Revives Plan to Dismantle Obamacare if Elected in 2024\u201d<\/p>\n\n\n\n

NBC<\/a>: \u201cTrump, by contrast, stood by his support for a lawsuit headed to the Supreme Court that seeks to invalidate Obamacare. The justices will hear the case one week after Election Day.<\/p>\n\n\n\n

\u201c\u2018I would like to terminate Obamacare<\/strong>, come up with a brand new, beautiful health care,\u2019 Trump said at the debate, which was moderated by NBC News’ Kristen Welker.\u201d<\/p>\n\n\n\n

Center on Budget and Policy Priorities<\/a>: \u201cPresident Trump has made clear that his goal remains to repeal the Affordable Care Act (ACA), including its expansion of Medicaid to low-income adults, and to impose rigid caps on the federal government\u2019s Medicaid spending.\u201d<\/p>\n\n\n\n

Trump<\/a>: \u201cThere is a lot you can do\u201d in terms of cutting Social Security and Medicare<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to Donald Trump\u2019s visit to Dallas and Houston, DNC spokesperson Cameron Niven released the following statement:  \u201cThe only Texans Donald Trump is fighting for are the ultra-rich \u2013 like the ones he\u2019s here to see \u2013 not working families. During his first term, Trump gave handouts to the ultra-wealthy and largest corporations while […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1033040","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nDonald Trump Promises MAGA Billionaire Backers Tax Breaks While Leaving Working Texans Behind\u00a0 - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/donald-trump-promises-maga-billionaire-backers-tax-breaks-while-leaving-working-texans-behind\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-22T18:07:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T19:54:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/donald-trump-promises-maga-billionaire-backers-tax-breaks-while-leaving-working-texans-behind\/\",\"url\":\"https:\/\/democrats.org\/news\/donald-trump-promises-maga-billionaire-backers-tax-breaks-while-leaving-working-texans-behind\/\",\"name\":\"Donald Trump Promises MAGA Billionaire Backers Tax Breaks While Leaving Working Texans Behind\u00a0 - 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