New report finds House Republican plan to fund tax cuts will benefit the ultra-wealthy over the working class

OMAHA, Nebraska (March 21, 2025)—Today, Nebraska For Us is responding to a new report from The Budget Lab at Yale that finds steep cuts to Medicaid and SNAP along with tax breaks skewed to benefit the ultra-wealthy will mean more money in the pockets of those at the top, and less for working class Nebraskans. Congressman Bacon voted in favor of the initial resolution to advance this plan.

“The overall effect of these three policy changes would be regressive,” the analysis noted.

It also found the bottom 20% of taxpayers would see their post-tax incomes fall by 5% while the top 0.1% would see a 2.5% increase.

“This is a message we and a host of organizations have been raising awareness on for several months,” Nebraska For Us State Director Angie Lauritsen said. “Now we have research that only further backs up the point Nebraska For Us is making: it is clear that hardworking Nebraskans will be the ones paying the price to disproportionately support the rich under House Republicans’ budget plan.”

In addition, Nebraska For Us remains concerned about the impact of tariffs which remains unclear as various proposals on an array of industries are in flux, though we do expect more developments on Wednesday, April 2. Experts point out the cost of tariffs will hit those at the lowest income levels the hardest.

Nebraska For Us focuses on federal economic policies that impact working class and middle income Nebraskans, specifically with the potential extension or expansion of the 2017 GOP Tax Law and cuts to programs Nebraska families rely on. As more information emerges on the progress of this plan, we will continue raising awareness in the community and leading various events while calling on Congressman Bacon to support a fairer tax code.