“What this bill really means is more Republican health care cuts for the rest of us, and the American people are sick of it,” says Brad Woodhouse
Washington, DC – Today House Republicans passed a second set of tax cuts to benefit the wealthiest Americans and big corporations at the expense of working families. Their tax cuts have led to trillion dollar deficits, which Republicans are now using as an excuse to go after Social Security, Medicare and Medicaid. Brad Woodhouse, executive director of Protect Our Care, issued the following statement in response:
“What this bill really means is more Republican health care cuts for the rest of us, and the American people are sick of it. Since Paul Ryan and his allies have repeatedly made it plain that they will pay for these tax breaks for the wealthy by making deep cuts to Medicare and Medicaid, today’s vote calcifies the damage Republicans are doing to America’s working families and seniors all so they can give handouts to wealthiest. Thankfully, Americans see right through this Republican tax scam and are ready to give it a giant thumbs down at the polls in November.”
ADDITIONAL BACKGROUND:
President Trump and Congressional Republicans are targeting Medicaid and Medicare to pay for their tax cuts to the wealthy. Earlier this month, Larry Kudlow, Director of the National Economic Council, confirmed that they still have their sights set on Americans’ care. Asked when programs like Social Security and Medicare will be looked at for reforms, Kudlow replied, “Everyone will look at that — probably next year.” And last December, when President Trump signed the first round of $1.5 trillion tax bill that disproportionately benefits the wealthy, Speaker Paul Ryan made it clear they would cut programs like Medicaid that support working families. “Frankly, it’s the health care entitlements that are the big drivers of our debt.” Since that time:
- The 2018 budget resolution passed by Republicans in December 2017 cut Medicare by $473 billion and more recently, the FY2019 budget passed by Republicans on the House Budget Committee in June 2018 cuts Medicare by an additional $537 billion.
- Last December, the Trump Administration budget called for $1.4 trillion in cuts to Medicaid, and the balanced budget amendment passed by Republicans in April 2018 slashed Medicaid funding by $114 billion in a single year alone.
Following Massive GOP Tax Cuts, Administration Predicts Medicare Trust Fund Will Be Depleted In 8 Years. “The financial outlook for Medicare’s Hospital Insurance Trust Fund deteriorated in the last year, and Social Security still faces serious long-term financial problems, the Trump administration said on Tuesday. The projections are the first from the administration since President Trump signed a $1.5 trillion tax cut into law in December. They show no sign that a burst of economic growth will significantly improve the finances of the government’s largest entitlement programs. The Medicare trust fund will be depleted in 2026, the administration said. By contrast, the government said last year that the trust fund would be exhausted in 2029.” [New York Times, 6/5/18]