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MAGA Republicans Want You To Pay More

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This piece was originally published in the May 20, 2022 edition of CAP Action’s newsletter, the Progress Report. Subscribe to the Progress Report here.

“I happen to think it’s a good thing when American families have a little more money in their pockets at the end of the month. The Republicans in Congress don’t seem to think so. Their plan is going to make working families poorer.” – President Joe Biden

It’s a tale of two plans to fight inflation, and the differences between them could not be more stark.

President Biden has a plan to help working people keep more of their money. His plan would allow Medicare to negotiate for lower drug prices, cap insulin costs at $35 per month, and build on the Affordable Care Act by lowering net health care premiums for 9 million people. Combined, these savings would deliver significant relief for patients. Meanwhile, the clean energy tax credits in his climate plan would save the average household $500 per year in energy costs. How does he pay for it? Biden’s plan ensures the rich pay their fair share with a minimum tax of 20 percent on households with a net worth of more than $100 million.

In contrast, the MAGA Republicans released a plan that would actually increase taxes on 76 million households at a time when Americans are already paying higher prices for necessities, all while taking health care away from more than 20 million people during a pandemic. The MAGA Republicans are focused on holding on to power in order to enrich themselves and their donors—not on working people—and their plans make it crystal clear.

Share the graphic below to show the substantial contrasts between the Biden plan and the MAGA Republican plan:

The image features a headline that reads: Two responses to high prices: Below the headline is a two-column table—on the left, the header says Biden's Plan and lists the following: Lower drug prices ($35/month cap on insulin), Lower health care costs (ACA premium savings of $600/yr), and Lower energy costs ($500/yr savings per household). At the bottom of the column are pictures of President Biden and Vice President Harris. On the right, the header says MAGA Republican Plan and lists the following: Raise taxes on 76 million households, Rip away health coverage from 20+ million Americans, and Line the pockets of Big Oil as they jack up gas prices. At the bottom of the column are pictures of Ted Cruz, Rick Scott, and Mitch McConnell. A footer reads: Which would you choose?

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This piece was originally published in the May 20, 2022 edition of CAP Action’s newsletter, the Progress Report. Subscribe to the Progress Report here.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.

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Brad Chester

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“The Progress Report” is CAP Action’s regular news email, providing policy-minded analysis of the day’s stories—and offering subscribers ways to get involved.

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