Republican Tax Plan will pay for tax cuts for millionaires by cutting Medicare
Nobody should be surprised to find that the GOP tax plan will mightily screw over poor people.
Two weeks after its introduction and following zero hearings, the House of Representatives passed an approximately $1.5 trillion dollar tax cut on Thursday. Most of the focus has been on the bill’s tax benefits for the wealthy and corporations, but some lawmakers are sounding the alarm that passage of the bill will also trigger an estimated $25 billion cut to Medicare.
With the Senate expected to take up its own bill after the Thanksgiving recess, Democrats struggling to mount an opposition to the bill see an opening in its controversial health care impacts—including the Medicare cuts, the repeal of Obamacare’s individual mandate, and the elimination of the medical expenses deduction in the House bill.
The Medicare cut—announced by the non-partisan Congressional Budget Office on Tuesday—can only be waived by a majority of the House and a 60-vote supermajority of the Senate.
Thanks to laws created by the Tea Party’s infamous 2010 sequester showdown over government spending, automatic cuts spring into action anytime Congress passes a bill that balloons the federal deficit, as the tax bill would. The approximately $136 billion in cuts spurred by the GOP tax bill would hit a number of government programs—including farm subsidies and the Border Patrol—but would cut most deeply into Medicare. Medicaid, Social Security, and food stamps are protected.
This goes into a deeper discussion of how The GOP tax plans reward capital and hammer labor.
“Medicaid, Social Security and food stamps are protected”. For the moment perhaps. The Republicans are attacking anything that does not benefit the rich, they’ve already tried to destroy both food stamps and Medicaid, they want the money from both programs. As for Social Security congress has already stolen nearly 3 trillion dollars from the now non existent trust fund, I have yet to hear anyone who believes they will “pay it back”. And that includes conservative die hard Republicans. Interesting that the Republicans see this bill as their salvation, to the contrary I think it’s going to enrage a great many Americans. Stay angry my friends, 2018 doth approach.
Here’s an asshole Democratic “megadonor” threatening to “bolt the party” if they don’t stop demonizing billionaires.
My suggestion: Everyone return his money. Throw him out of the party, and tell him to take all his billionaire buddies with him.
These are the assholes the Clintonites want us to make “common cause” with. There is no common cause with these people. In any fight between the people and their money, they will side with their money.
That slippery fucker made his money selling timeshares, the next best thing to payday loans. Why is he even allowed in the democratic party. Hit the road, dope.
French solution