Campaign 2010

Sep 22, 2005

Reynolds Group Endorses Devastating Cuts for Middle Class Families

DCCC Press

Sep 22, 2005

Reynolds Group Endorses Devastating Cuts for Middle Class Families

Ignoring Special Interest tax Breaks he Supported, Reynolds hits Middle Class Families in Budget Effort

$102,923 Oil and gas money accepted by Reynolds.

(Washington, D.C.) -- Congressman Tom Reynolds's (R-NY) Republican Study Committee (RSC) today endorsed a wide range of massive cuts for programs that middle-class families count on including higher education loans, health care premiums, prescription drug payments and others. The RSC is a group of Republican members of Congress organized for the supposed purpose of advancing a conservative agenda in the House of Representatives. Today, however, that "conservative agenda" turned out to be massive cuts for middle class families.

"Instead of proposing a repeal of the tax breaks he handed to the oil, gas, and pharmaceutical giants, Congressman Tom Reynolds' group is proposing that federal spending cuts come at the expense of middle-class families who are already struggling with the soaring costs of tuition, prescription drugs, and doctor visits," said Democratic Congressional Campaign Committee communications director Bill Burton. "Instead of balancing the budget on the backs of middle class families, maybe Congressman Reynolds should look to some of his biggest campaign contributors who received the special interest tax breaks that he supported."

Cuts that Reynolds's Republican Study Group supported today:

  • Delay implementation of the Medicare prescription drug benefit for all seniors by an entire year.
  • Cut $25 billion from the Center for Disease Control.
  • Some families and their children will pay billions more in co-payments for hospital visits and prescription drugs.
  • Higher education students will lose $8.6 billion in loans for financing their education.
  • Seniors will pay $84.8 billion more in Medicare Part B premiums for seeing a physician.
  • Eliminates state grants to discourage violence and the use of illegal drugs in schools Delay implementation of the Medicare prescription drug benefit for all seniors by an entire year.
  • Eliminates the High Intensity Drug Trafficking Area Program – which fights the meth epidemic.

    For other cuts supported by Reynolds’ group, please click here: http://johnshadegg.house.gov/rsc/

    Reynolds Supported the Special Interest Energy Bill. This year, Reynolds voted to support an energy bill that was a giveaway to the special interests and energy corporations. The bill, largely a $14.6 billion package of tax breaks for huge energy corporations did nothing to provide short-term or long-term relief at the pump for American families who are currently paying record gas prices. [H.R. 6, Vote #445, 7/28/05]

    Reynolds gave hundreds of millions to drug companies. The prescription drug legislation written by Republicans in Congress ensured that more than 60% of the Medicare dollars spent to buy more prescriptions will remain in the hands of drug makers as added profits. This is an estimated $139 billion dollars in increased profits over 8 years for the world's most profitable industry. At $17 billion annually, this means about a 38% rise in drug maker profit. [Alan Segar, Ph.D. & Deborah Socolar, M.P.H. "61 Percent of Medicare's New Prescription Drug Subsidy is Windfall Profit to Drug Makers." Boston University. 10/31/03]