Washington, D.C. – Today, Congresswoman Maggie Goodlander voted against the Republican budget resolution and issued the following statement:
“New Hampshire families, workers, and small businesses are already facing sky-high prices and unprecedented uncertainty across our economy because of the Trump Administration. The people of New Hampshire sent me to Congress to lower costs and fight for a fair deal. I voted against this budget resolution because it paves the way for trillions in tax handouts to billionaires and big corporations paid for by the biggest cuts to Medicaid in American history. It will jack up costs – healthcare costs, childcare costs, and food costs – at a moment when prices are already sky-high. Tens of thousands of people across New Hampshire risk losing access to the basic care and services they need. And that’s not all: this partisan resolution faced bipartisan opposition because it will set us up for the largest deficit increase in American history.”
The full text of the resolution can be found HERE, which is an amended version of the House budget resolution that Congresswoman Goodlander voted against earlier this year.
- The Joint Committee on Taxation estimates that permanently extending the 2017 tax giveaways for billionaires and big corporations will cost $5.5 trillion (including net interest costs) over the decade.
- Estimates suggest that permanently extending the 2017 tax giveaways will increase inflation, such that over five years, household purchasing power falls by $300-$1,250 per household. This is on top of the Administration’s costly tariff plans, which will increase prices by 2.3 percent in the short run, leading to an average loss per consumer of $3,800.
- Permanent extension of these tax cuts is estimated to cause GDP to fall by 0.3-0.5 percent over a decade, and wages and capital formation to decline between 0.6-0.7 percent.
- CBO finds that making the tax cuts permanent will increase debt held by the public as a share of GDP by 47 percentage points more than if the law were allowed to expire, reaching 214 percent of GDP by 2054.
Congresswoman Goodlander has dedicated her life to ensuring a fair deal for all Granite Staters, including building a tax system that delivers tax breaks for working families – not handouts to billionaires and big corporations. Before taking the oath of office, she served as a Deputy Assistant Attorney General in the United States Department of Justice, where she took on the corporate monopolies hurting New Hampshire’s small businesses and held them accountable for jacking up prices and making life harder for hardworking Granite Staters. In Congress, she has listened to people across New Hampshire – cancer patients, teachers, caregivers, federal workers, veterans, and many more – who have shared the devastating harm that cuts to Medicaid would cause. Read more about one of these visits to the Monadnock Adult Care Center here.
**Republicans’ budget resolution would cut $880 billion in Energy and Commerce Committee spending, which requires deep cuts to Medicaid. Source: Congressional Budget Office**
