The Hill: Tax Breaks for Wealthy Paid for with Deep Cuts to Medicare, Medicaid and Social Security

They say that we don’t have a choice and can’t afford these earned benefits for Americans on a fixed or limited income without making drastic cuts. A recent report by the nonpartisan Institute on Taxation and Economic Policy points out why they are scrambling to take away these benefits: they have already given the money away to the wealthiest 1 percent of Americans.

The report points out that under President George W. Bush’s tax cuts and the massive tax giveaway that President Trump signed into law in December, by 2025, Republicans will have sent a whopping $2 trillion to this small sliver of the richest Americans. In their proposed budget, Republicans in Congress are now wanting to pay for those special interest tax breaks by taking that same $2 trillion out of Medicare, Medicaid, Social Security, and the Affordable Care Act. Read more