The Trump/GOP tax cuts for the wealthy will add over $1.5 trillion debt.

“The Congressional Budget Office is predicting the federal budget deficit will reach $960 billion in the 2019 fiscal year and $1 trillion in 2020, higher than the figures previously released. The nonpartisan analysis agency had previously forecast a... — The Congressional Budget Office is predicting the federal budget deficit will reach $960 billion in the 2019 fiscal year and $1 trillion in 2020, higher than the figures previously released. The nonpartisan analysis agency had previously forecast a $896 billion deficit for 2019 and $892 billion gap for 2020. The news comes as President Trump confirmed Tuesday to reporters that he is considering more tax cuts, including a payroll tax cut, which would add to government debt.
via Daily Beast.
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The Trump/GOP tax cuts for the wealthy will add over $1.5 trillion debt.
**Learn more about how the tax cuts will hurt seniors by clicking here.**

Source: bit.ly

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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.

via Cutting Social Security, other benefits bad idea.

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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.

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“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... — 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.
**Related Reading:**
**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.

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The deficit is rising due to the tax cuts that the Republicans gave to billionaires and big corporations.How will they pay for those tax cuts?By cutting Social Security and Medicare.Please sign our petition. — The deficit is rising due to the tax cuts that the Republicans gave to billionaires and big corporations.
How will they pay for those tax cuts?
By cutting Social Security and Medicare.
**Please sign our petition.**

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Robert Reich: Protecting Social Security Is Our Next Big Fight

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.

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“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... — 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.
**Related Reading:**
**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.

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““The Trump/GOP tax cuts for the wealthy will add over $1.5 trillion in debt,” said the National Committee to Preserve Social Security and Medicare. “Now we know how they’ll pay for those tax cuts, by cutting Social Security and Medicare.”
According... — “The Trump/GOP tax cuts for the wealthy will add over $1.5 trillion in debt,” said the National Committee to Preserve Social Security and Medicare. “Now we know how they’ll pay for those tax cuts, by cutting Social Security and Medicare.”
According to the Washington Post, Trump has already “instructed aides to prepare for sweeping budget cuts if he wins a second term in the White House.”
“Trump’s advisers say he will be better positioned to crack down on spending and shrink or eliminate certain agencies after next year, particularly if Republicans regain control of the House of Representatives,” the Post reported last month.
The president, despite his campaign promises, has included major cuts to Social Security and Medicare in his budget proposals—while predictably demanding massive increases in Pentagon spending.
via Common Dreams.
**Related Reading:**
After giving tax cuts to the wealthy and big corporations, Republicans are doing their best to convince the President to cut Social Security and Medicare in order to pay down the debt.
**We have been predicting this for a long time now. You can read some of the GOP statements in our timeline by clicking here.**

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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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Mitch McConnell says deficit ballooned because of Social Security, Medicare, not Republican Tax Cuts

After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs like Medicare, Medicaid and Social Security.
“It’s disappointing, but it’s not a Republican problem,” McConnell said of the deficit, which grew 17 percent to $779 billion in fiscal year 2018. McConnell explained to Bloomberg that “it’s a bipartisan problem: Unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future.” The deficit has increased 77 percent since McConnell became majority leader in 2015.
New Treasury Department analysis on Monday revealed that corporate tax cuts had a significant impact on the deficit this year.
via Newsweek.

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Senator McConnell blames Social Security, Medicare, and Medicaid for rising debt.

In fact, tax expenditures – especially the Trump/GOP tax cuts – are the number one drivers of the debt, not Social Security or Medicare. Social Security is self-funded and does not contribute to the debt.
However, under the ‘leadership’ of McConnell in the Senate and Paul Ryan in the House, none of these bills has been properly considered. Instead, McConnell and his cohorts insist that the only way forward is benefit cuts for future retirees.

politics mitch mcconnell social security medicare medicaid p2 elderly older americans seniors retirement retirees retirement crisis entitlements entitlement reform earned benefits healthcare health care GOP congress republicans tax reform taxes debt deficit

“via twitter.
”
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This is a lie.The GOP budget cuts $537 BILLION from Medicare.The GOP tax scam is also projected to add $1.5 trillion to the deficit. How will they pay for those tax cuts?By cutting Social Security and Medicare. — via twitter.
**Related Reading:**
**This is a lie.**
**The GOP budget cuts $537 BILLION from Medicare.**
**The GOP tax scam is also projected to add $1.5 trillion to the deficit. How will they pay for those tax cuts?**
**By cutting Social Security and Medicare.**

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NCPSSM — The Congressional Budget Office is predicting the...

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