National Committee President, House Dems Decry GOP Tax Plan’s "Dire" Impact on Seniors.

Source: bit.ly

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“Majorities across parties oppose eliminating the tax deduction for high medical expenses, which Congress is debating as part of tax reform.
”
Related Reading:Trump/GOP Tax Bill Would Trigger Devastating Cut to Medicare.• Of course, the entire tax... — Majorities across parties oppose eliminating the tax deduction for high medical expenses, which Congress is debating as part of tax reform.
via Kaiser Health News.
**Related Reading:**
Trump/GOP Tax Bill Would Trigger Devastating Cut to Medicare.
Of course, the entire tax scheme – which is being rushed through Congress without regular order – is harmful to seniors’ health and retirement security either way.
It eliminates the deduction for medical expenses like chronic and long-term care and balloons the deficit so that future Congresses will feel justified in raiding Social Security, Medicare and Medicaid to make up the difference.

Source: bit.ly politics GOP tax bill tax reform taxes p2 medicare health care healthcare older americans elderly retirement retirees retirement crisis entitlements entitlement reform congress GOP republicans

“Advocates for seniors and the middle class have been warning for weeks that the Republican drive to cut taxes for the wealthy is the prelude to a larger attack on Social Security and Medicare…
…But $25 billion a year is a drastic cut that “would... — Advocates for seniors and the middle class have been warning for weeks that the Republican drive to cut taxes for the wealthy is the prelude to a larger attack on Social Security and Medicare…
…But $25 billion a year is a drastic cut that “would undermine the delivery of care to the 57 million seniors and disabled Americans who depend on the program,” Max Richtman, head of the National Committee to Preserve Social Security and Medicare, said a couple of weeks ago.
via Los Angeles Times.
**Related Reading:**
The projected $1.5 trillion the tax cuts would add to the national debt would no doubt spur Republicans to pursue even deeper cuts to seniors’ earned benefits, leading to benefit cuts and higher eligibility ages for Medicare and Social Security.
According to Politifact, some 40 million Americans would pay higher taxes in 2027 than they would today.
Older Americans would be hit particularly hard. Not only might their taxes go up if they are not fortunate enough to inhabit the upper income echelons, but the tax legislation would automatically trigger $25 billion in immediate cuts to Medicare.

Source: bit.ly politics tax reform GOP taxes marco rubio entitlements social security medicare entitlement reform retirement retirees retirement crisis older americans elderly healthcare health care GOP tax bill earned benefits seniors social insurance p2

“Republicans are on the verge of a massive tax overhaul that would hand President Donald Trump his first major legislative victory. But the $1.5 trillion tax package could trigger eye-popping cuts to a slew of federal programs, including... — Republicans are on the verge of a massive tax overhaul that would hand President Donald Trump his first major legislative victory. **But the $1.5 trillion tax package could trigger eye-popping cuts to a slew of federal programs, including Medicare.**
via Politico.
**Related Reading:**
Trump/GOP Tax Bill Would Trigger Devastating Cut to Medicare.
This includes a $25 billion reduction in Medicare spending, which would take effect almost immediately after passage of the tax bill.
Outrage Crucial as Trump-GOP Tax Scam Gets Dangerously Close to Passing the Senate.
The projected $1.5 trillion the tax cuts would add to the national debt would no doubt spur Republicans to pursue even deeper cuts to seniors’ earned benefits, leading to benefit cuts and higher eligibility ages for Medicare and Social Security.

Source: bit.ly politics medicare health care GOP tax bill taxes tax reform p2 older americans elderly retirement retirees retirement crisis social security entitlements entitlement reform republicans deficit seniors tax bill GOP congress

As Republicans remain indifferent – or in denial – about the impact of the Trump/GOP tax scam on older Americans, seniors’ defenders are sounding the alarm. National Committee president and CEO Max Richtman joined House Minority Leader Nancy Pelosi... — As Republicans remain indifferent – or in denial – about the impact of the Trump/GOP tax scam on older Americans, seniors’ defenders are sounding the alarm. National Committee president and CEO Max Richtman joined House Minority Leader Nancy Pelosi and other Democratic representatives in front of the U.S. Capitol today to warn of the dangers the tax plan poses to seniors’ retirement and health security. Richtman called the tax bill a “con game that should be called the ‘Washington two-step.’”
**Step one:** cutting taxes for top-earning households and profitable corporations.
**Step two:** use the higher deficits the tax bill will create to cut critical programs, like Medicare, Medicaid and Social Security.
**More on this issue can be read here.**

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“GOP Tax Scam aka con game that should be called the ‘Washington two-step.’
Step one: Cut taxes for top-earning households and profitable corporations.
Step two: Use the higher deficits to cut critical programs, like Medicare, Medicaid and Social... — “GOP Tax Scam aka con game that should be called the ‘Washington two-step.’
**Step one:** Cut taxes for top-earning households and profitable corporations.
**Step two:** Use the higher deficits to cut critical programs, like Medicare, Medicaid and Social Security.”

Source: bit.ly politics social security medicare congress GOP tax bill taxes tax reform older americans elderly seniors health care healthcare wealthy entitlements entitlement reform p2

“Social Security and Medicare (net of offsetting Medicare contributions) currently comprise about 39 percent of federal spending, excluding interest on the debt. Under current law, this share will increase to 46 percent over the next decade as the... — Social Security and Medicare (net of offsetting Medicare contributions) currently comprise about 39 percent of federal spending, excluding interest on the debt. Under current law, this share will increase to 46 percent over the next decade as the large Baby Boom generation ages and collects promised benefits. Curbing immigration will reduce the number of workers available to support retirees and could make this already unfavorable demographic situation worse. **Because Social Security and Medicare represent nearly half of non-interest government spending, those promised benefits could soon find themselves in budget-cutters’ cross-hairs.**
via Tax Policy Center.
**Related Reading:**
Trump/GOP Tax Bill Would Trigger Devastating Cut to Medicare.
It eliminates the deduction for medical expenses like chronic and long-term care and balloons the deficit so that future Congresses will feel justified in raiding Social Security, Medicare and Medicaid to make up the difference.
None of these groups – the poor, the middle class, the disabled, or seniors – should be asked to shoulder this burden for a tax cut the wealthy and big corporations don’t need.

Source: bit.ly politics medicare social security tax reform taxes entitlements entitlement reform earned benefits p2 older americans elderly retirement retirees retirement crisis congress GOP republicans seniors GOP tax bill

bit.ly

Rubio: Offset Tax Cuts By Reducing Social Security, Medicare Benefits

“I analyze this very differently than most,” Rubio told the crowd. “Many argue that you can’t cut taxes because it will drive up the deficit. But we have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future,” the senator said.
via Financial Advisor.

Related Reading:

Outrage Crucial as Trump-GOP Tax Scam Gets Dangerously Close to Passing the Senate.

The projected $1.5 trillion the tax cuts would add to the national debt would no doubt spur Republicans to pursue even deeper cuts to seniors’ earned benefits, leading to benefit cuts and higher eligibility ages for Medicare and Social Security.

Source: bit.ly politics social security medicare earned benefits marco rubio GOP republicans social insurance entitlements entitlement reform retirement retirees retirement crisis tax reform taxes older americans elderly healthcare health care GOP tax scam GOP tax bill p2

Join us on Facebook Live at 1pm ET for “Behind the Headlines” for the latest on the fallout from the Trump/GOP tax cuts and a look ahead to 2018 and the coming battle to protect Social Security and Medicare.

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bit.ly

Letter Urging Senate to Vote Against the Conference Agreement on Tax Legislation

On behalf of the millions of members and supporters of the National Committee to Preserve Social Security and Medicare, I am writing to urge you to vote against the conference agreement on tax legislation because it would result in cuts to Medicare, and inevitably Medicaid and Social Security.

The Conference Agreement Results in an Immediate $25 Billion Cut in Medicare Spending.

Since this legislation would increase the budget deficit by over $1.5 trillion, the Congressional Budget Office has written that the conference agreement would trigger $136 billion in automatic spending cuts to mandatory programs in the current fiscal year, including a $25 billion reduction to Medicare, as required by the Statutory Pay-As-You-Go Act of 2010 (PAYGO).

Exploding the Budget Deficit Will Lead to Middle-Class Benefit Cuts.

However, even if PAYGO is waived, this legislation would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic increase in the public debt – an increase that will have to be offset in the future. Inevitably, older Americans and people with disabilities will be forced to pay a heavy price for this irresponsible legislation.

Making Seniors Pay More for Health Care and Reducing Access to Long-Term Care.

Regarding Medicaid, middle-class Americans often rely on the program for long-term services and supports when they exhaust their savings. Nearly two-thirds of all nursing home residents’ care is financed in whole or in part by Medicaid.

For more on what the GOP tax scam does to the working class, seniors, and the poor, click here.

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This year’s 1.3% #SocialSecurity cost-of-living adjustment (COLA) is not enough to meet seniors’ rising living costs. Older Americans need a fairer inflation formula now! https://www.ncpssm.org/campaigns/boost-social-security-now/

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The National Committee’s Boost Social Security Now campaign informs and mobilizes our community to convince Congress that now is the time to

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