Janis Kliphardt (Emery)
more re Steve's #1...
“The only way to lower the record-high federal deficit would be to cut programs like Medicare, Medicaid, and Social Security,” says Senate Majority Leader Mitch McConnell after twisting arms to institute a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense.
The deficit grew 17% to $779 billion in fiscal year 2018; it has increased 77% 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:
Federal revenue rose by 0.04% in 2018, a nearly 100% decrease on last year’s 1.5%.
In fiscal year 2018, tax receipts on corporate income fell to $205 billion from $297 billion in 2017.
In good times, when Republicans are in total control, our deficit is deepening.
Republican leaders like House Speaker Paul Ryan and Florida Senator Marco Rubio have long indicated their desire to cut federal programs to pay for tax cuts.
On the campaign trail, candidate Donald Trump promised to leave Medicare untouched.
Majority Leader McConnell has revealed the truth:
Tax cuts to wealthy multinational corporations will NOT pay for themselves. Tax cuts largely benefiting corporations and the wealthy will be funded by hardworking Americans by slashing Medicare, Medicaid, and Social Security.
Republicans AND Democrats consider the rising federal deficit and the cost of health care major problems facing the US.
Republican Senate candidates should be challenged for jeopardizing coverage for pre-existing conditions, for pursuing an age tax that would charge older Americans more for care, and for targeting the benefits Americans have paid into.
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