On the recordDecember 1, 2017
They also told us that the biggest beneficiaries under this Tax Code--this Joint Committee on Taxation--happen to be the wealthiest people in America--surprise--and the biggest corporations. They told us that, at least in the second 10 years--maybe before-- regular middle-income families are going to pay higher taxes because of this. They let us know, and we knew already, what is going to happen to programs like Social Security, Medicare, and Medicaid. You see, when you run up the national debt and you want to try to balance the books-- our Republican friends have been very open about this. They want to cut the benefits under Social Security, Medicare, and Medicaid to try to balance the books. America, are you ready for this? Are you ready for senior citizens who are counting on that Social Security check to get a cut in benefits to pay for a tax cut, a tax giveaway to the wealthiest people in America? Are you ready to see Medicare cut--that is, reimbursement for seniors for medical expenses--in order to make sure that the biggest corporations in America get a tax break? Are you ready to see Medicaid, which has as its major expense taking care of seniors in nursing homes--benefits cut in order to give an incentive for businesses to move jobs overseas? That is what this is all about. Here is the reality. As a percentage of gross domestic product, American corporations have never been more profitable--never.…





