1.7 Ways Republicans’ Sweeping Tax Bill Will Raise Household Costs

House Republicans and President Trump are trying to jam through a disastrous tax bill in the coming days. If passed, this extreme legislation would take a sledgehammer to lifesaving programs and tax credits that create jobs and provide healthcare, food assistance, and affordable clean energy to everyday Americans. This Is the Big Bill for Billionaires On the campaign trail, Trump promised to cut prices and help the middle class. Instead, he’s trying to strip cost-saving programs and family-sustaining jobs to fund nearly $90,000 annually in tax giveaways for people making over $1 million per year (PDF). The GOP’s sweeping tax bill appears designed to make life more expensive and less secure for average Americans, especially those living near or below the poverty line. Let’s be clear: Republicans have engineered a massive wealth transfer to corporate polluters and the top 0.1 percent, exposing their true agenda—crony capitalism that rewards the rich and punishes everyone else. Make no mistake: The GOP’s bill is designed to give massive tax breaks to billionaires by taking money out of the pockets of everyday Americans. Here are seven ways the Republicans’ sweeping tax bill is expected to drive up costs and eliminate economic opportunities for average Americans.