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Re: Stealth Attack on Medicare

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@erikm219989 wrote:


I think what we need in response is a tax bill that will threaten to raise his taxes by $1 billion and have that revenue go to strengthening Medicare/Medicaid and Social Security benefits.

 

LOL! I agree. It's funny that when the GOP talk about "closing loopholes," they're really talking about eliminating middle-class deductions like mortgage interest and taxes. They never address loopholes benefiting their donors, like the carried interest loophole. The same thing happened when Reagan's tax "reform" eliminated interest deductions.

 

Do you remember how Trump promised his followers that he would get rid of the carried interest loophole? One more broken promise.

 


 

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Frequent Social Butterfly
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Re: Stealth Attack on Medicare

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@cat2015 wrote:

Donald Trump kissed a copy of the House GOP tax cut bill.

 

It would cut his taxes by $1 billion.

 

This bill is a direct response to donors who met with GOP senators a few months ago to warn them that if they can't pass a tax cut, they'll get no money.


I think what we need in response is a tax bill that will threaten to raise his taxes by $1 billion and have that revenue go to strengthening Medicare/Medicaid and Social Security benefits.

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Re: Stealth Attack on Medicare

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@cat2015  Great article and analysis.  I liked how you explained the "hidden on plain sight" long term and short term assault on seniors.

 

Keep up the great work!

 

It's worth repeating that according to the Congressional Budget Office, the current $1.5 trillion plan. as it stands, will automatically trigger $25 billion worth of cuts to Medicare.

 

http://bit.ly/2zQgNPW

JV
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Valued Social Butterfly
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Re: Stealth Attack on Medicare

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Donald Trump kissed a copy of the House GOP tax cut bill.

 

It would cut his taxes by $1 billion.

 

This bill is a direct response to donors who met with GOP senators a few months ago to warn them that if they can't pass a tax cut, they'll get no money.

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Re: Stealth Attack on Medicare

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Make no mistake--Republicans plan to pass tax cuts for corporations and wealthy donors on the backs of seniors. The end game is not just tax cuts but entitlement reform.

 

Call the U.S. Capitol switchboard at (202) 224-3121 on Monday and ask for your senator's office. Call both your senators, and then call them again on Tuesday and Wednesday. Calls are much, much more effective than petitions, which are ignored. We know that pressure from voters can stop bad legislation, as it did with the Obamacare repeal.

 

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Stealth Attack on Medicare

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While we argue about the provisions of the GOP tax cuts, what many don't realize is that adding $1.5 trillion to the deficit will automatically trigger annual cuts to Medicare, beginning next year.

 

In fact the GOP budget for 2018 already assumes that $500 billion will be cut from Medicare over the next ten years and $1 trillion from Medicaid. This promise in their budget is how GOP leaders in the House convinced so-called "deficit hawks" in their party to vote for these massive tax cuts.

 

An arcane budget rule requires that any addition to the deficit must be paid for by equal cuts to mandatory spending programs like entitlements. Medicare is always one of the first victims of this rule. Medicaid is another loser.

 

GOP leaders, including Ryan, Brady (chair of the Ways and Means Committe that authored the bill) and the White House, have indicated that they plan to follow the tax cuts with entitlement reforms. While Social Security, unlike Medicare, is somewhat protected from the pay-as-you-go rule, there will be increasing pressure as the national debt rises to overhaul both programs. Republicans like Ryan have long dreamed of privatizing SS and voucherizing Medicare. They've also dreamed of turning Medicaid into a state block grant program so that they can cap federal benefits.

 

If any form of the tax cuts pass, expect to see Republicans turn next to entitlement reform, just as they did after the Bush tax cuts. This is the plan, and they're not hiding it.

 

https://www.nytimes.com/2017/11/15/us/politics/republicans-entitlement-programs-deficit.html?rref=co...

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