Hollow Victory for Trump & GOP is a Loss for Seniors, Working Americans.

“Sen. Marco Rubio (R-Fla.) said he thinks big corporations — not American workers — are shaping up to be the chief beneficiaries of the tax law Republicans muscled through Congress last year.
“There is still a lot of thinking on the right that if big... — Sen. Marco Rubio (R-Fla.) said he thinks big corporations — not American workers — are shaping up to be the chief beneficiaries of the tax law Republicans muscled through Congress last year.
“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” Rubio told The Economist in an interview published Monday. “In fact they bought back shares, a few gave out bonuses; **there’s no evidence whatsoever that the money’s been massively poured back into the American worker**.”
via Politico.
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This is not a surprise to us.
**Hollow Victory for Trump & GOP is a Loss for Seniors, Working Americans.**
It is wrong to ask the poor, the working class, and elderly to pay for tax breaks for the rich and powerful, which is exactly what the Trump/GOP tax bill will do.
he tax cuts will explode the federal debt by at least $1.5 trillion, laying the groundwork for an all-out effort to cut Social Security, Medicare, and Medicaid.

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“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.
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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 in the House and Senate have taken aim at entitlement spending in recent days as Congress works to get the tax reform plan on President Trump’s desk by the end of the year. The House passed a final version of the plan on... — Republicans in the House and Senate have taken aim at entitlement spending in recent days as Congress works to get the tax reform plan on President Trump’s desk by the end of the year. The House passed a final version of the plan on Wednesday.
“We’re going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,” House Speaker Paul Ryan (R-Wis.) said earlier this month.
“We have a welfare system that’s trapping people in poverty and effectively paying people not to work,” Ryan added. “We’ve got to work on that.”
via The Hill.
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Hollow Victory For The GOP Is A Loss For Seniors,
Working Americans.
It is wrong to ask the poor, the working class, and elderly to pay for tax breaks for the rich and powerful, which is exactly what the Trump/GOP tax bill will do.
The tax cuts will explode the federal debt by at least $1.5 trillion, laying the groundwork for an all-out effort to cut Social Security, Medicare, and Medicaid. House Speaker Paul Ryan and Florida Senator Marco Rubio have already promised as much in recent public statements.

Source: bit.ly politics GOP tax cuts tax reform taxes social security medicare medicaid entitlements entitlement reform republicans elderly older americans retirement retirees retirement crisis p2 health care healthcare seniors wealthy pat toomey

The GOP’s 2018 budget resolution calls for $500 billion in Medicare cuts, largely by adopting Speaker Ryan’s privatization scheme. To add insult to injury, unless Congress waives the PAYGO (or Pay-as-You-go) provision in federal budget law, the tax bill will trigger an immediate $25 billion cut to Medicare, which could negatively impact care for millions of seniors.

Max Richtman via The Hill.

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

“Majorities across parties oppose eliminating the tax deduction for high medical expenses, which Congress is debating as part of tax reform.
”
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How House and Senate Tax Legislation Affects Seniors.Repealing the Medical Expense... — 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.
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**How House and Senate Tax Legislation Affects Seniors.**
Repealing the Medical Expense Deduction Would Make Health and Long-Term Care Costs Unaffordable.
The House tax bill guts important deductions and tax incentives currently used by middle-class families, including the repeal of the medical expense deduction. Presently, the medical deduction allows individuals to deduct the costs of very high out-of-pocket health care and/or long-term care costs. The House bill repeals that provision. About three-quarters of the 8.8 million taxpayers who claim the medical expense deduction are 50 or older, and more than 70 percent have incomes of $75,000 or below.

Source: bit.ly politics tax reform taxes seniors p2 older americans elderly retirement retirees retirement crisis entitlements entitlement reform healthcare health care GOP republicans congress medical expense long-term care

“President Donald Trump says he will sign “maybe the biggest tax cut we’ve ever had,” and top Republicans keep pledging he will do it by Christmas.
Trump has promised his tax reform will help the middle class, make the United States more competitive... — President Donald Trump says he will sign “maybe the biggest tax cut we’ve ever had,” and top Republicans keep pledging he will do it by Christmas.
Trump has promised his tax reform will help the middle class, make the United States more competitive internationally, and lead to almost unprecedented economic growth in the years to come. And he’s promised to eliminate the federal debt in eight years while he’s at it.
Getting through that list of promises is politically impossible, but even coming anywhere close to it in the next two months will be extremely difficult. Though congressional Republicans are saying tax reform will be “easier” than health care, the party is already embroiled in an intraparty struggle over how deeply to cut rates — and how to pay for them. And despite months of negotiations between top House and Senate Congress members and members of Trump’s administration — a working group dubbed the “Big Six” — Republicans haven’t actually agreed on many important points. And what they have agreed on has already raised some eyebrows within the Republicans conference.
via VOX.
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GOP Tax Cuts Could Cost Seniors in the Long Run.
The nonprofit Tax Policy Center estimates that the GOP tax plan will reduce federal revenues by a net $2.4 trillion in the next 10 years.
As the deficit grows, Congress will look to cut spending. Republicans have already called for deep cuts to Social Security and Medicare, and would no doubt come after those programs looking for massive savings.
Seniors’ earned benefits could be used as piggy banks to pay for reckless tax cuts that largely benefit the wealthy.

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

“House Speaker Paul Ryan (R-Wis.) on Wednesday said House Republicans will aim to cut spending on Medicare, Medicaid and welfare programs next year as a way to trim the federal deficit.
“We’re going to have to get back next year at entitlement... — House Speaker Paul Ryan (R-Wis.) on Wednesday said House Republicans will aim to cut spending on Medicare, Medicaid and welfare programs next year as a way to trim the federal deficit.
“We’re going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,” Ryan said during an interview on Ross Kaminsky’s talk radio show.
Health-care entitlements such as Medicare and Medicaid “are the big drivers of debt,” Ryan said, “so we spend more time on the health-care entitlements, because that’s really where the problem lies, fiscally speaking.“
via The Hill.
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After Passing Senate Tax Bill, GOP to Target Seniors’ Earned Benefits.
As if to confirm the warnings of seniors’ advocates, Republicans have signaled that their next targets after the tax bill are Social Security, Medicare, and Medicaid.
Senator Marco Rubio (R-FL) admitted as much in an interview with Politico last week, declaring that spending cuts in earned benefits programs will be necessary to pay for tax cuts for the wealthy and multinational corporations.
National Committee President, House Dems Decry GOP Tax Plan’s "Dire” Impact on Seniors.
The tax bill will trigger an immediate $25 billion cut to Medicare unless Congress quickly waives the PAYGO provision of federal budget law.
Both Medicare and Medicaid – which helps seniors afford long-term care – are targeted for deep cuts in the GOP budget plan.

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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.

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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

bit.ly

OPINION: It’s war on the poor and the middle class

This is not just a tax bill. It’s an assault on those who are not millionaires. Over the past two weeks, I have been thinking a lot about this Republican tax plan.

I was thinking about it when I read that as soon as the tax bill is passed, House Speaker Paul Ryan intends to go after “entitlement reform, which is how you tackle the debt and the deficit.” In other words, because we gave tax breaks to millionaires and corporations, we’ve increased the deficit, so we need to cut programs such as Medicare and food stamps.
This is class war, pure and simple. The wealthy are conducting a war, and the poor and middle class of America are the casualties.
via Sacramento Bee.

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Mess of a GOP Tax Bill Still Hurts Older Americans.

The bill that has emerged from closed-door negotiations between House and Senate Republicans remains deeply harmful to the working class, the elderly, and the sick.

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The time to stop the Trump Tax Scam is now! The House is about to vote on their bill which would cut taxes for the wealthy and big corporations at the expense of seniors and everyone else.
Call your Member of Congress: 1-800-998-0180Once you have... — The time to stop the Trump Tax Scam is now! The House is about to vote on their bill which would cut taxes for the wealthy and big corporations at the expense of seniors and everyone else.
**Call your Member of Congress: 1-800-998-0180**
Once you have made your call, please RE-BLOG this graphic with your friends!

Source: stopwaronworkingclass.org politics donald trump tax reform taxes medicare seniors retirement retirees retirement crisis entitlements healthcare health care entitlement reform earned benefits older americans elderly p2 trump GOP congress republicans

Chiquita Brooks-LaSure becomes the first black woman to lead the agency that oversees #Medicare and #Medicaid. She is a major improvement over President Trump’s CMS administrator, who undermined Medicaid and the Affordable Care Act. https://www.nytimes.com/2021/05/25/us/politics/chiquita-brooks-lasure-medicare-medicaid.html @CMSGov

Chiquita Brooks-LaSure becomes the first Black administrator confirmed to lead Medicare and Medicaid.

The vote was 55 to 44, with five Republicans joining Democrats to support her confirmation.

nytimes.com

NCPSSM — Sen. Marco Rubio (R-Fla.) said he thinks big...

See, that’s what the app is perfect for.