St. Paul, MN— Today, while President Trump and Congressional Republicans implement ludicrous tariffs that will devastate the household budgets of Minnesotans, and pursue efforts to subsidize tax cuts for the wealthy by reducing federal funding for Medicaid, legislation that would raise taxes on millionaires at the level necessary to offset any cuts to this crucial program was heard in the House Taxes Committee. Medicaid is the largest single source of health insurance in Minnesota, serving senior citizens, children, families, and people with disabilities.
“At a time when so many Minnesotans are struggling with basic costs, it is morally reprehensible to cut life-saving Medicaid services so the richest among us can hoard more money and watch the numbers in their bank accounts grow,” said Rep. Aisha Gomez (DFL - Minneapolis) House author of the bill and Co-Chair of the House Taxes Committee. “How we tax, and what we fund, shows who we are and what we value. Trump has shown that he doesn’t care about the average Minnesotan, only his elite sycophants. With this legislation the DFL is standing firmly with working-class Minnesotans in the face of extreme wealth inequality.”
A report from Congress’s Joint Economic Committee found that if Republicans in Congress pass their proposed budget and cut Medicaid, Minnesota could see 89,000 rural residents lose their health coverage, 130,000 children lose their health insurance, more than 1 in 6 seniors lose their nursing home care and, in total, nearly 400,000 people cut off from their health insurance. In total, 1 in 5 Minnesotans get their health care through Medicaid, including 41% of children. If these callous cuts go through without additional revenue raised by Minnesota, it will have a direct and immediate negative effect on health in Minnesota, costing lives and doing harm.
The bill was laid over for possible inclusion in the 2025 tax bill. Video of the press announcement can be found on the House Public Information’s Youtube Channel.
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