On the recordMay 26, 2011
You know, we have all heard the jokes about how many people does it take to screw in a lightbulb? Well, I have a variation on that this morning. How many seniors have to lose their Medicare in order to provide a $104,000 tax cut per year for every millionaire? The answer is 17. Seventeen seniors will see a reduction in their Medicare or an additional cost of $6,000 a year in order to pay for the millionaire tax cut of $104,000. Mr. Speaker, even The Wall Street Journal, the conservative Wall Street Journal, has said the House Republican plan will likely result in higher out-of-pocket costs and greater limits to coverage for all Americans. House Budget Committee Chairman Paul Ryan's solution is to end the current Medicare program for people. ____________________
