Members of Congress and the Trump Administration are moving at reckless speed to pass a tax plan that will harm SEIU 503 members and the nation as a whole. We oppose this plan in the strongest terms possible. Here’s why.
First, the bill would raise taxes on most SEIU Local 503 members. By the time the provisions are fully phased in, families earning less than $75,000 per year would see their taxes go up. The legislation contains temporary provisions to curb that impact, but those provisions will expire and there’s no guarantee they will be made permanent. As it’s written, this bill is a tax increase for working families that will hit most members of our union.
Second, the Senate version of the bill would repeal important parts of the Affordable Care Act, resulting in the loss of healthcare for 13 million Americans and raising healthcare premiums for many more. SEIU members spoke out against the previous attempt to repeal healthcare, and we will fight this new threat with equal vigor.
Third, the bill will lower taxes for corporations and the wealthy. 80 percent of the savings from this plan would go to the wealthiest 1 percent of Americans. The corporate tax rate would be cut substantially. Let’s call this what it is: redistribution of wealth from everyday Americans to wealthy elites.
Finally, the bill would add $1.4 trillion to the national debt over the next decade. This would be paid for by cuts to programs everyday Americans rely on. What’s worse, proponents of the plan are misleading the public on this point. But a recent analysis from the nonpartisan Congressional Budget Office confirms the bill will massively increase the national debt.
We urge SEIU 503 members to call their member of Congress and demand they vote against the tax bill. You can call 1-855-713-0060 to take action.