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.
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via twitter.
Sen. Inhofe is worried about the National Debt? He voted for the GOP tax scam which will add $1.5 trillion in debt.
He also wants to cut YOUR Social Security and Medicare.
Read more about the GOP tax scam here.
via twitter.
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If Paul Ryan was concerned with the national debt he would not have voted for the GOP tax scam which added $1.5 trillion in debt. What makes matters worse is that republicans are blaming the rising debt on “entitlement” programs; a signal that they will try to cut them.
Read more about the GOP tax scam here.
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.
Speaker Ryan calls Social Security and Medicare “fiscal problems.”
He’s wrong. The GOP tax scam is a fiscal problem.
![NEW POLL: 60% of Americans would rather reverse the Trump/GOP tax scam than cut spending on Social Security, Medicare, and Medicaid.
Have you Pledged to Vote? [click here]](https://64.media.tumblr.com/94d3db26f604a756bf77c283d494e0ce/tumblr_phq84fDkgH1qd3gmvo1_1280.png)
NEW POLL: 60% of Americans would rather reverse the Trump/GOP tax scam than cut spending on Social Security, Medicare, and Medicaid.
Have you Pledged to Vote? [click here]
Republicans still swore up and down that their tax plan would be fully paid for…
…Congress’s own neutral internal scorekeeper, the Congressional Budget Office, estimated that even after accounting for macroeconomic effects, the tax overhaul would add $1.9 trillion in red ink.
At the Peter G. Peterson Foundation’s annual Fiscal Summit this week, my colleague Heather Long asked Brady about this departure from trend.
“What percent [of the tax cuts] do you think is paid for?” she asked.
Rather than repeating his one-time promise of deficit neutrality, he said that it was “hard to know” how much of the cost of the tax cut would ever be recouped.
via Washington Post.
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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.
via twitter.
Related Reading:
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.
The GOP Tax Scam gives tax cuts to the wealthy, raises the deficit, and will have little change to our economy. At the same time, the GOP says we are better off now.
Exactly who is better off now?
NEW POLL: 60% of Americans would rather reverse the Trump/GOP tax scam than cut spending on Social Security, Medicare, and Medicaid.
Do you want to see the tax cuts for the wealthy reversed?
Read how the tax law affects seniors by clicking here.
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/