BIG BEAUTIFUL INFOGRAPHIC Reveals 15 Ugly Cuts In Republican Bill
"Republican Economic Proposals Will Explode the Deficit"
"Extending the Trump tax cuts would add $4.6 trillion to the deficit. These tax cuts would disproportionately benefit billionaires and large corporations, and would not help grow the economy contrary to Republican claims." - House Committee On the Budget excerpts
Cuts $930 billion from Medicaid, stripping health care from an estimated 12 million people.
Slashes food assistance by almost $300 billion, putting food insecurity back on the table for millions of families.
Reduces incomes for the bottom 40% of American households.
Adds $3.3 trillion to the deficit — to pay for tax cuts for millionaires and billionaires.
Makes Trump’s 2017 tax cuts permanent, locking in giveaways to the ultra-wealthy.
Pours $45 billion into new immigration jails, dramatically expanding ICE’s power. - Murmur
See what the Republican budget has in store for you with this infographic. Click on any icon for details. Call your MAGA rep to stop cutting your benefits to give their billionaire donors more tax cuts.
Republican Suggests Pushing Back Retirement Age in US
"I think there's a way, when people are living longer, they're retiring later, then on the front end, we can move that retirement age back a little bit. The current full retirement age is 67 for those born in 1960 or later, and is the earliest age at which workers can begin getting Social Security benefits without any financial penalty for claiming early," said Mark Alford.
While Alford did not specify to what age the retirement threshold should be raised to, earlier this year, Rachel Greszler, senior research fellow at the Roe Institute, wrote in an article for the Heritage Foundation that the normal eligibility age for collecting Social Security retirement benefits should be raised to 70 to help address the funding cliff.
The Republican Study Committee also published a budget in March 2024 that touted "modest" changes to the full retirement age. - Newsweekhttps://embed.kumu.io/a292c7329da30a18ea2bbfa8e8df4e0c
Raising Social Security’s Retirement Age Would Cut Benefits for All New Retirees
Increasing Social Security’s earliest eligibility age would make it impossible for people to get retirement benefits until an older age.
Unlike increasing the full retirement age, raising the earliest eligibility age would have a disproportionate effect on beneficiaries with lower life expectancy.
Cuts Would Fall Hardest on People Who Rely on Benefits Most. People with shorter life spans would have proportionately fewer years of Social Security receipt than people with longer life spans.
Though raising the full retirement age reduces lifetime benefits approximately equally for all new retirees, on average, the effects of those cuts would fall hardest on those who rely on benefits most.
For a typical beneficiary, who receives about half of their retirement income from Social Security and also has income from other sources — such as pensions, earnings, or savings — a 20 percent cut would result in a 10 percent reduction in total income.
But for a beneficiary who relies solely on Social Security, a 20 percent benefit cut means a 20 percent reduction in total income. It is also worth noting that due to discrimination in the labor market and a variety of other structural inequities, Black and Latino workers are less likely than white workers to have access to private retirement plan coverage, and they have lower median values in the retirement accounts that they do own. - CBPP
Push millions of adults off Medicaid with work requirements
Medicaid, the public health insurance program for low-income individuals, does not have a work requirement.
Republicans have proposed a new law that would alter Medicaid and likely push millions of adults off the government-run health insurance.
Roughly 61 percent of non-elderly Medicaid beneficiaries are already employed, according to a Kaiser Family Foundation Analysis.
13% of recipients are not working due to caregiving needs, 11 percent because of illness or disability, and 6 percent because they're in school. - Newsweek
Why aren't there any work requirements for billionaires to get their massive tax deductions
TakeAway: Stop Republicans from cutting Social Security and Medicaid to fund their tax cuts for their billionaire donors.
Deepak
DemLabs
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