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Social Security has never added one penny to our deficit or our national debt. It has a $2.8 trillion surplus and can pay out 100% of benefits owed for the next 17 years and approximately 80% of benefits after that. Donald Trump was elected after promising not to cut Social Security, Medicare, or Medicaid. Yet, conservatives in Washington and on Wall Street consistently try to destroy our earned benefits. Now, Republicans are on the verge of passing a tax scam that―if passed―would add at least $1 trillion to our national debt, just to provide massive tax breaks to wealthy donors and big corporations, and trigger $400 billion in automatic cuts to Medicare over the next decade. And according to Speaker of the House Paul Ryan, they’re just getting warmed up. Speaker Ryan indicated that the tax plan is just the first step toward making even bigger cuts to Medicare, as well as cutting Medicaid and Social Security: Paul Ryan: “We’re going to have to get back next year at entitlement reform.”1 No one voted last November to cut our earned benefits! Yet that is exactly what Republicans are preparing to do. And passing their disastrous tax plan―which triggers $400 billion in automatic cuts to Medicare―is the first step. We can still stop this tax plan and protect the future of Medicare. Democrats are unanimously on our side, and all we need is two more Republican Senators or 11 more Republican Representatives. The final vote is expected as early as next week. And it’s going to be close! Thank you for standing up and making our voices heard. Sincerely, Michael Phelan 1 Washington Post: Ryan says Republicans to target welfare, Medicare, Medicaid spending in 2018 |
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