Ahead of New Hampshire rally, Trump’s lies and chaos put state at risk

  • 105,000 New Hampshirites would lose coverage.
  • 571,300 New Hampshire residents with preexisting conditions would face higher premiums or be barred from coverage altogether — a discriminatory practice that the ACA outlawed.
  • 75,000 New Hampshire households either received no tax cut or experienced a tax increase after the law’s passage.
  • In contrast, 60 Fortune 500 companies paid no federal income taxes in 2018. Instead of spending this windfall on improving workers’ wages or on capital investment — as the tax bill’s supporters claimed they would — these corporations spent billions on stock buybacks to enrich executives and shareholders.
  • Annual U.S. stock buybacks hit a record high in 2018 following the TCJA’s corporate tax breaks. The tax bill’s provisions for workers and families expire over time, while its benefits for corporations were made permanent.
  • The Trump-appointed director of the Consumer Financial Protection Bureau proposed rolling back restrictions on predatory payday lenders that require them to ensure borrowers can repay loans.
  • The Trump administration abandoned a rule designed to ensure that middle-class workers are properly compensated for working overtime, lowering the Obama-era income threshold so that fewer workers are covered. Under Trump’s proposed threshold, 34,000 Granite Staters would lose overtime protections, costing them a projected $5 million in lost wages each year.
  • Trump’s Department of Labor weakened rules that required financial advisers to act in the best interests of their clients. Now, sophisticated investment advisers can effectively exploit consumers by offering conflicted financial advice, costing New Hampshire retirement savers an estimated $188 million per year.

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Hard-hitting news + analysis paired with action on the issues that matter most. Working alongside @AmProg.