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GOP rejects ‘millionaire tax’ pitch, advancing breaks for rich Americans

  • Congress is advancing President Donald Trump's One Big Beautiful Bill Act to extend 2017 tax breaks while cutting funding for food, healthcare, and education.
  • This legislation follows a report revealing that 35 wealthy Republican lawmakers, worth over $2.5 billion collectively, stand to gain while their constituents face deep service cuts.
  • The bill particularly risks food security for 6.3 million SNAP users and healthcare for 9.2 million Medicaid recipients in districts held by the richest Republican senators, including Florida Senator Rick Scott.
  • Scott, worth approximately $551.7 million and serving on the Senate Budget Committee, leads senators pushing these cuts despite representing nearly 8.5 million constituents relying on federal aid programs.
  • Critics, including Senator Bernie Sanders and watchdog groups, condemn the bill as benefiting the ultra-rich while threatening the well-being of millions dependent on government support.
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Political Wire broke the news in New York, United States on Wednesday, May 28, 2025.
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