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Homeownership plays a fundamental role in the pursuit of the American Dream. Yet, the House Republican tax plan erodes the benefits of homeownership by increasing its costs and making it harder to save for a down payment.
As attention shifts to the Senate bill’s elimination of the individual mandate in the Affordable Care Act, which could increase the number of uninsured by 13 million, it is important to highlight that the House Republican tax plan also wades into health care, raising taxes on millions of Americans with high medical costs through repeal of the medical expenses deduction.
Congressional Republicans claim that their tax plan will put more money in the pockets of working Americans. But under the House bill nearly 24 million working Americans would see higher taxes. These Americans include teachers who educate our children, policemen who protect our communities, and construction workers who help rebuild our nation’s road and bridges.
Republicans continue to press for changes to our nation’s health care system that will upend markets, breed uncertainty, and leave millions wondering whether they will have health coverage. Now, the Republican tax plan threatens significant cuts to the Medicare program. A little-known law could mean that the passage of the GOP tax reform bill will invoke massive cuts to the Medicare program, totaling around $410 billion over ten years.
Millions of working families would see tax increases under the Senate Republican tax plan. The nonpartisan Joint Committee on Taxation projects that 22 million households will see a tax increase of at least $100 in the year 2027, including 16 million who would see their taxes increase by more than $500. Most of these will be middle-class households, including 7 million households earning between $50,000 and $100,000 seeing a tax increase of at least $100.
President Trump and House Republicans continue to claim that their tax plan will help the middle class. Yet, the bill released by House Republicans will increase taxes for millions of working families, rising from 8 million households in 2019 to 24 million in 2027.
President Trump and Senate Republicans’ tax proposal threatens to take the state and local tax deduction (SALT) away from over 40 million households. State and local deductions are not a partisan issue—both red and blue state families use them to save hard-earned money on their federal tax returns. The SALT deduction ensures Americans are not taxed twice on the same income. These deductions include write-offs for state sales, income, and property taxes. By eliminating the deduction, working Americans will face tax hikes costing hundreds or even thousands of dollars.

While the transition back into civilian life can be difficult for some, the economic state of the veteran community is on an upward trend. Overall, the nation’s 20.5 million veterans earn more, experience lower unemployment, are more likely to have health insurance, and less likely to live in poverty than their non-veteran peers. In this fact sheet we will dive a little deeper into the current economic state of our veterans community.
House Republicans are taking aim at tax incentives that lift up working families and promote infrastructure spending in struggling communities across the nation. These incentives are supported by both Republicans and Democrats, and benefit manufacturing workers, health care professionals, and school teachers, among others. Eliminating them would cripple economic progress in thousands of rural and urban communities, stripping working Americans of new job opportunities, higher wages, and affordable housing.