FACT SHEET: House Republican Budget Betrays San Francisco’s Middle Class
From the Speaker Emerita's Press Office:
The new House Republican budget betrays America's middle class by taking health care away from hardworking Americans while giving more than $4 trillion in tax breaks to billionaire donors and big corporations. They are stealing taxpayer dollars to reward the wealthy and well-connected.
To pay for their giveaway to big corporations and the rich, Republicans will take away health care, increase the cost of essentials like food and housing, and decimate services working families count on.
And that's only the beginning. Republicans are targeting even more critical services to fund their tax cuts for billionaires and big corporations.
Below is a fact sheet prepared by the Office of Speaker Emerita Nancy Pelosi (CA-11) and the Democratic Staff of the House Committee on the Budget:
This is what Republican plans would mean for San Francisco:
- Average annual tax cut for the richest 0.1 percent: $314,266
- Total giveaway to CEOs and big corporations: $2 Trillion
Meanwhile, middle-class families would be left holding the bag.
Ripping Away Health Care:
The Affordable Care Act
Thanks to the Affordable Care Act, tens of millions of Americans can afford high-quality health care. House Democrats built on the Affordable Care Act, delivering lower prices and expanding coverage.
Under the Republican budget plan, the 32,000 people who receive coverage under the Affordable Care Act in San Francisco would see their average premium go up by $3,070 per year — a 112% increase.
Many families would face even steeper consequences. A 60-year-old couple with a household income of $85,000 in San Francisco would see their health insurance costs increase by $22,193 per year — a 307% increase in premiums.
Medicaid
Nearly 80 million Americans receive health care through Medicaid and the Children's Health Insurance Program, which provide critical care throughout all stages of life. Medicaid covers everything from childbirth to nursing home care and everything in between.
In San Francisco, the 100,001 people on Medicaid are at risk of losing their health care under Republican budget plans.
This includes 20,990 children under the age of 19 and 29,359 seniors over 65 in San Francisco.
More information on Medicaid’s crucial role in California and what impact Republican Medicaid cuts could have can be found here.
Increasing Food Costs:
With many American families struggling to put food on the table, the Supplemental Nutrition Assistance Program provides critical support for over 40 million Americans including children, seniors, veterans, and working parents.
Extreme Republican budget plans threaten the 38,218 people in San Francisco who count on SNAP to put food on the table.