House Republicans, led by Speaker Mike Johnson, get hit with the bad news as new report by Yale reveals devastating truth over their recently passed House Budget Resolution, exposing what areas low and moderate-income families will suffer massive losses to benefit the ultra-wealthy. John Iadarola and Francesca Fiorentini break it down on The Damage Report. Leave a comment with your thoughts below!

Read more here:

New Analysis Quantifies Low- and Moderate-Income Families’ Losses Under House Budget Resolution – https://www.cbpp.org/blog/new-analysis-quantifies-low-and-moderate-income-families-losses-under-house-budget-resolution

“We’ve shown how the budget resolution that passed the House last month with only Republican votes would make millions of people worse off by taking away health care and help buying groceries, all to help pay for huge tax giveaways tilted to the wealthy.

Now, thanks to a new analysis from Yale’s Budget Lab, we have a better sense of just what the plan would cost people with low and moderate incomes, compared to the tens of thousands of dollars it would give the nation’s wealthiest each year.

The plan calls for massive cuts in Medicaid and in the Supplemental Nutrition Assistance Program (SNAP) that would raise the cost of health care and groceries for people struggling to make ends meet.

The Budget Lab report finds that these assistance cuts would overwhelm whatever paltry tax cuts families in the bottom 40 percent would get, making them significantly worse off.”

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