Tax Injustice in the Republican Budget
What We Could Do if Billionaires Paid What They Owe
Jarrett Smith
Annexing Greenland, renaming the Gulf of Mexico, selling Teslas on the front lawn of the White House — all are examples of gaslighting the American people so as not to address the real issues at hand: Republicans in Congress want to make devastating cuts to essential public programs for working people to fund tax cuts to billionaires. These executive actions are deliberate attempts to shift the focus away from the critical need for a fairer tax system.
The faithful must pick a side. Our decision will have ramifications for future generations. We can continue to support enriching the wealthiest individuals, who already have an outsized
influence on our economy and politics, or we can start looking at ways to make the wealthiest pay what they owe in taxes.
One of the most egregious aspects of the Republicans’ current Budget Reconciliation proposal is its emphasis on reviving the disastrous Tax Cuts and Jobs Act, which gives tax cuts to billionaires and large corporations. These tax giveaways are not only unjust, they’re also economically irresponsible. Take, for example, the harm done to by eliminating vital regulations that protect workers, consumers, and the environment. When the richest handful of people continue to pay lower tax rates than working-class families, it sets a dangerous precedent — one that perpetuates wealth inequality, destabilizes the economy, and weakens our democracy.
Tax cuts for the ultra-wealthy are also rarely used to invest in innovation, job creation, or social good. Instead, they often lead to increased stock buybacks, executive bonuses, and dividends — actions that enrich a small group of individuals at the detriment of the rest of society.
If we redirected just a fraction of the wealth accumulated by the top 1%, we could significantly improve the quality of life for millions of people. Here is what the federal government could fund if we made billionaires pay what they owe in taxes:
- Universal health care: A fully funded, universal health care system would ensure access to quality care for all, regardless of income. We would be free of devastating medical bills and denials of needed treatments. We would never have to worry about getting the care we need, for ourselves or our loved ones.
- Affordable housing: We could combat the growing crisis of housing insecurity and homelessness, and ensure that everyone has access to safe, stable living conditions. This would alleviate the strain on emergency shelters and reduce the financial strain on low income families.
- Education for all: We could ensure that all children have access to a high-quality education from early childhood through higher education. Investing in education is one of the most powerful ways to break the cycle of poverty and create a more equitable society.
- Clean air and water for our neighborhoods: We could address the climate crisis by investing in renewable energy, green jobs, and sustainable infrastructure. This would protect our planet and create jobs in the process.
- Social safety nets: Expanding programs like Social Security, unemployment insurance, and food assistance would help us to retire with dignity and provide critical support for when we go through hard times.
New federal tax policy focus would unleash so many possibilities to help our communities can thrive. Join NETWORK in calling for a fairer tax code, more funding for public programs, and an end to the disproportionate tax breaks for the wealthiest Americans. Together, we can create a system that works for everyone, not just the billionaires and mega-corporations.
This story was published in the Quarter 2 2025 issue of Connection.