Opinion - Only the Senate can stop the largest wealth transfer in US history

Yahoo

09-06-2025

Last week, the House Republican majority passed what can only be called their 'Big Billionaire Bill' — a budget reconciliation measure that amounts to one the largest transfers of wealth in American history.
This measure literally steals from the poor and the working class to give to the ultra-rich. As a member of the Ways and Means Committee, I know firsthand how this bill would take from working people and give to the ultra-wealthy. The consequences will be staggering if it becomes law.
Republicans promised tax cuts for all. But under their bill, families making $30,000 or less will actually pay approximately $20 billion more in taxes cumulatively over the next decade, according to the Joint Committee on Taxation. That's not even counting the impact of losing Medicaid or the higher cost of living caused by Trump's tariffs. Meanwhile, billionaires will pocket an average tax break of $255,000 a year.
I grew up working class, working jobs at Target and Subway. Republicans want to make people like me believe that they're helping while raising taxes on them, cutting Medicaid and SNAP, and then telling them to have more babies. That's insulting.
My Republican colleagues moved their second attempt at a House Budget Committee hearing to the dead of night — after a failed first try and following late-night markups in several committees the previous week. Alongside my Democratic colleagues, we spent nearly 30 hours grinding their agenda nearly to a halt, from Wednesday at 1 a.m. to to 11 p.m. in the Rules Committee and on the floor. The fact that they had to move their last hearing before it could move to the floor at 1 a.m. tells me they're ashamed of themselves. And they should be.
Working families want billionaires to pay their fair share, not to lose their health care and nutrition programs for their kids. I hear it from Americans at town halls, on social media, and even at the grocery store. Millions across the country could lose Medicaid coverage: 3.4 million in California, 400,000 in North Carolina, 250,000 in Minnesota, 380,000 in Texas, 390,000 in Virginia, and 1.2 million in New York — moms, kids, and seniors who could be left without health care.
These are real people in every district, many represented by Republicans who voted for this bill. Nearly half of new moms and their babies in California rely on Medicaid and could lose their care. Seniors who can't get enough coverage through Medicare will lose. Sons and daughters who can't afford their parents' nursing home care will lose. People in rural communities, where hospitals are already closing, will lose too.
Republicans claim to be the party of families. But their bill makes it harder for working people to get by — harder to welcome a new child, get postpartum care, or afford basic medical needs. Worse, Republicans will make it harder for millions of families to afford groceries every month thanks to cuts to nutrition assistance programs. When billionaires can get richer at the expense of working families, what does that say about us as a nation?
I fear America's promise of hope and opportunity will dim if this administration keeps pushing us to the point where no one sees a future here anymore.
But I refuse to accept a future where America's greatness is measured by the size of its tax breaks for billionaires instead of the strength of our working families. I call on the Senate to reject this bill and protect the American Dream for everyone.
Jimmy Gomez, a Democrat, represents California's 34th Congressional District in the U.S. House of Representatives.
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