AARP Opposes GOP Tax Scam for the Rich 2.0
…we have grave concerns about H.R. 6760.
AARP is troubled by the further negative effect this bill will have on the nation’s ability to fund critical priorities. The Joint Committee on Taxation (JCT) estimates that H.R. 6760 will reduce federal revenue by approximately $631 billion over the 10-year budget window. This is in addition to the $1.5 trillion reduction in revenue over the 10-year budget window resulting from last year’s Tax Cuts and Jobs Act. Additional increases of this magnitude in the deficit will inevitably lead to calls for greater spending cuts, which are likely to include cuts to Medicare, Medicaid, and other important programs serving older Americans.
AARP cannot support H.R. 6760.
But Republicans are choosing to ignore the American people. And AARP has good reason to fear that Republicans are planning to use the trillions in debt from their tax scams to force cuts to seniors.
Top Trump Administration officials are openly talking about the GOP plan to slash Medicare, Medicaid and Social Security if they control Congress next year, and House Republicans are forcing a vote tomorrow on the GOP tax scam for the rich 2.0: the bill that, in addition to the first GOP tax scam, adds trillions more to the deficit and makes tax breaks for billionaires permanent.
Under the twisted GOP agenda, we can afford to give multi-billion dollar tax breaks to Big Pharma, but seniors struggling to make ends meet need to pay more for their health care.
Democrats are committed to fighting for seniors and pushing an agenda For The People: lower health care costs and prescription drug prices, raise worker’s wages, and clean up corruption in Washington.