FOR IMMEDIATE RELEASE
Albuquerque, NM – The $7.7 trillion budget and tax cut bill proposed by Trump and House Republicans is poised to deliver a devastating blow to New Mexico’s hardworking families.
“Tax cuts for the rich paid for by cutting Medicaid and food assistance programs New Mexicans depend on is cruel and harmful.” said Alissa Barnes, Executive Director for ProgressNow NM. “Trump’s economy and budget—reckless tariffs, corporate giveaways, and billionaire tax cuts—hurts our families while enriching his wealthy donors.”
Trump misled New Mexicans when he said “I have nothing to do with Project 2025”—his top advisors wrote it and provisions in this bill are copied right from the playbook.
Gutting Medicaid
Drastic cuts to Medicaid are a major focus of the bill. The Congressional Budget Office estimates the provisions in it will lead to 13.7 million people losing their health coverage.
The cuts would force states like New Mexico to eliminate essential services for disabled individuals, older adults, and kids. That’s a major risk for the 900,000 New Mexicans who depend on Medicaid, particularly rural areas that can’t afford to lose the few hospitals and doctors they have.
The bill also seeks to defund reproductive healthcare, targeting Planned Parenthood specifically by cutting funding for pap smears, breast cancer screenings, STI tests, and birth control medication.
Tax Cuts for the Wealthy
The bill delivers a massive gift to wealthy corporations and the ultra rich by cutting taxes on multinational corporations’ offshore profits and reducing estate taxes for multimillionaires and billionaires. For example, it would raise the estate tax exemption to $15 million for single people and $30 million for couples, so that a couple could leave $29.99 million to their heirs in 2026 without paying a single cent of estate tax.
Eviscerating SNAP food assistance
In addition to gutting Medicaid, the bill would also take away $300B from SNAP benefits, the life-saving program formerly known as “food stamps.”
That program currently helps 41 million low income families afford groceries each month, including 451,200 New Mexicans who use it to purchase groceries, fresh food, and local produce.
Representatives in Congress should reject this bill and instead work towards policies that promote unity, equality, and opportunity for all.
We stand together with New Mexicans across the state in opposition to this harmful legislation. Elected officials should prioritize the needs of our communities, not the interests of wealthy donors and corporations.
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