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Donald Trump is coming for your Social Security: How the GOP plans a bait and switch to cut taxes — and pensions
Donald J. Trump ✔ @realDonaldTrump
I was the first & only potential GOP candidate to state there will be no cuts to Social Security, Medicare & Medicaid. Huckabee copied me.
10:38 AM - 7 May 2015
With Trump's broken-promises AHCA fresh in mind, the above scenario follows the Trump & Ryan pattern of enriching the wealthy at the expense of everyone else.
Donald J. Trump ✔ @realDonaldTrump
I was the first & only potential GOP candidate to state there will be no cuts to Social Security, Medicare & Medicaid. Huckabee copied me.
10:38 AM - 7 May 2015
April 12, 2017
The Republicans will never give up on trying the destroy the safety net. It’s one of their fundamental organizing principles along with promoting tax cuts. Other issues may come and go but these two are perennial. And according to the Associated Press, the administration has decided to scrap Trump’s previously announced tax plan in favor of a new “reform” agenda that will accomplish both the dismantling of the Social Security guarantee and the GOP’s cherished tax cuts for the wealthy. The Trump team is also, unsurprisingly, being dishonest about its intentions. Social Security expert Nancy Altman described this move as a Trojan horse but considering Trump’s ostentatious promises to protect the program, perhaps it’s better described as a garden variety bait and switch. Simply put, Trump and his team are planning to completely abandon Social Security’s dedicated funding stream from the Federal Insurance Contributions Act payroll deduction and pay for the program with general revenue. They will sell this as a tax cut for workers, which is what it will look like on the paycheck. But Trump’s rumored innovation is to replace the money with a form of value-added tax, which means that typical workers, who spend most of their money on consumer goods, will still pay taxes; they will just lose their retirement guarantee. Rich people will get their tax cuts and don’t need Social Security anyway. It’s a GOP win-win.
With Trump's broken-promises AHCA fresh in mind, the above scenario follows the Trump & Ryan pattern of enriching the wealthy at the expense of everyone else.