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via twitter.
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The GOP tax scam (tax cuts for the wealthy) will add over $1.5 trillion in debt. How will the GOP pay for it? By cutting Social Security, Medicare, and Medicaid.
How the Tax Law Affects Seniors.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
When asked about America’s soaring debt and deficits, Senate Majority Leader Mitch McConnell lamented “It’s disappointing, but it’s not a Republican problem,” and he blames Social Security, Medicare and Medicaid.
Rubbish. It’s not social spending that’s causing the federal deficit to soar. It’s Republican tax cuts, especially on corporations and the wealthy.
Look at the evidence. Of all 35 advanced economies, America’s spending on social programs like Medicare, Social Security, and Medicaid is among the lowest, as you can see.
Also, Americans pay into Social Security and Medicare throughout their entire working lives.
via Common Dreams.
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Exploding the Budget Deficit Will Lead to Middle-Class Benefit Cuts.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
Republicans have removed all doubt: When it comes to the federal deficit, the problem is Medicare and Social Security — not their own tax cuts for corporations and the wealthy.
Fresh off the news that the deficit is increasing under President Donald Trump, Senate Majority Leader Mitch McConnell told Bloomberg News that Congress should target Social Security and Medicare for cuts to address the growing federal debt.
The federal deficit grew by nearly $800 billion over the first fiscal year of Trump’s presidency, during which the Republican Congress passed a tax cut targeted mostly to corporations and the wealthy, which is projected to add more than $1 trillion to the deficit over the next 10 years.
The White House and GOP leaders promised that despite all projections to the contrary, the tax cuts would pay for themselves. That hasn’t materialized so far.
via Vox.
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Social Security is self-funded and does not contribute to the debt.
In fact, tax expenditures – especially the Trump/GOP tax cuts – are the number one drivers of the debt, not Social Security or Medicare.
Fresh off passing massive tax cuts for corporations and the wealthy, Trump and congressional Republicans want to use the deficit they’ve created to justify huge cuts to Social Security, Medicare, and Medicaid.
As House Speaker Paul Ryan says “We’re going to have to get… at entitlement reform, which is how you tackle the debt and the deficit.”
Don’t let them get away with it.
Social Security and Medicare are critical safety-nets for working and middle-class families.
via Alternet.
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We have been keeping track of lawmakers comments on wanting to target earned benefits and health care in 2018.
You can view this project by clicking here.
In truth, tax expenditures (especially the Trump/GOP tax cuts) are the No. 1 drivers of the debt. Social Security and Medicare Part A are self-funded by workers’ payroll contributions and do not contribute a penny of federal red ink.
Coincidence? The Republicans gave the wealthy tax cuts and want seniors and the working class to pay for them.
Read more about the tax cuts by clicking here.
Read more about the budget by clicking here.
via twitter.
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GOP tax scam:
- Adds $1.5 trillion in debt.
- Tax cuts for the wealthy and big corporations.
- The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase at a minimum in the public debt.
Read more about it here.
via twitter.
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How the Tax Law Affects Seniors.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
via twitter.
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How the Tax Law Affects Seniors.
We’ve been predicting this since the GOP tax scam was passed.
The majority leadership will seek cuts to Medicare, Medicaid and Social Security benefits to pay for the deficits this tax law creates.
via twitter.
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How the Tax Law Affects Seniors.
The tax law would leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $2.3 trillion increase at a minimum in the public debt – an increase that will have to be offset in the future.
Inevitably, current and future generations of older Americans and people with disabilities will be forced to pay a heavy price for this irresponsible law.