State Analysis: Impact of GOP Tax Plan on Latinos
FACT SHEETS: How Federal Programs Help Latinos Make Ends Meet
Americans believe in a fair economy that protects the well-being of our nation's children and provides a chance for all people to succeed. Our tax system should reflect those values.
We believe a fair and just tax reform plan must:
- Support working families and their children
- Ensure that everyone, including the richest Americans and largest corporations, pay their fair share
- Increase investments to help all hardworking Americans have brighter futures.
At a time when we should be doing more to help Americans trying to get ahead, the current administration and Congress want to push us all back.
Any way you look at it, their tax legislation is a huge giveaway to the richest Americans and largest corporations.
VIDEO: See the 3 facts you should know about the GOP tax plan.
MILLIONAIRES GET A TAX CUT. WORKING FAMILIES PAY.
The Republican tax plan would steal opportunity from working families to pad the wallets of the extremely wealthy.
THE GOP TAX PLAN RAISES TAXES ON THOSE WHO CAN LEAST AFFORD IT
The Republican proposal attacks taxpaying immigrants and their children by restricting eligibility for the Child Tax Credit.
It jeopardizes programs that lift millions of Latinos out of poverty each year. If funding was slashed or cut altogether, millions more Latino families and kids would be pushed into poverty.
And it threatens the health of our community by undermining the stability of health care. Under the bill, 13 million more Americans will be uninsured and health insurance premiums would increase 10%. Further, it would trigger automatic cuts to Medicare funding.
That’s bad for the Latino community and bad for the nation.
WHAT THIS MEANS FOR OUR NATION’S BUDGET
The Republican tax plan is part of the Trump administration’s anti-immigrant, anti-Latino, and anti-working families agenda. It will be used to justify drastic spending reductions including:
The proposed budget would jeopardize programs that help Americans make ends meet, including millions of Latinos. For example:
But the current Republican tax plan will hurt the economy, cost us jobs, and lead to huge cuts in programs that help our community.
State Analysis: Impact of GOP Tax Plan on Latinos
FACT SHEETS: How Federal Programs Help Latinos Make Ends Meet