tax cuts Archives

The crazy thing is much of Trump’s base benefit from these very Entitlement programs, but his base is not rich, and the rich needs this money!

It has been reported that the tax plan Republicans enacted will cost Americans $2.3 trillion. An astronomical cost dumped on our back with the sole purpose of giving more to the rich. So in their effort to justify this thievery, Republicans will cut entitlement programs that help the poor.

Today, for example, Larry Kudlow, the director of the Trump White House’s National Economic Council, spoke at the Economic Club of New York, and had this exchange with CNBC’s Becky Quick:

QUICK: Will the Trump administration tackle entitlement reform?
KUDLOW: Well, we’ve already tackled a big part of the newest entitlement, namely Obamacare. As far as the larger entitlements, I think everybody’s going to look at that probably next year. I don’t want to be specific, I don’t want to get ahead of our own budgeting, but we’ll get there.

Amazingly, his base is okay with losing their life-saving benefits if it means putting more money in Trump’s pocket. They are like sheep following the beloved wolf to their demise.

CNN reports that those in the top 0.1%, earning $5 million or more, would receive an average tax cut of nearly $250,000 in 2026, according to a new analysis by the Tax Policy Center. Those in the top 1%, who earn $875,000 and up, would see an average tax savings of $45,500 a year.

Republicans’ efforts to repeal and replace Obamacare have been widely criticized as shifting money from the poor to the rich. The House and Senate bills would repeal the taxes Obamacare levied on the wealthy, while making drastic cuts to Medicaid and reducing federal assistance that helps low- and moderate-income Americans afford coverage.

Some 22 million fewer Americans would have health insurance under the Senate legislation, according to a Congressional Budget Office analysis released Monday. That includes 15 million fewer people covered under Medicaid, the nation’s safety net program for the poor.

The GOP would also repeal taxes that Obamacare levied on insurers, drug makers and others. All told, this would reduce federal revenue by $700 billion over the next decade. Nearly 45% of that benefit would go to the top 1%, the Tax Policy Center found.