To the Editor:
What could possibly go wrong with a new tax bill when public hearings are not held, when congressmen refuse to participate in committee debate? That’s easy. Things that congressmen don’t want you to hear.
Such as an increase in taxes for the poor, thievery from Medicare right away, probable decrease in Social Security benefits in the future, and health care coverage to suffer immediately.
Thirteen million would be thrown off health coverage entirely and premiums for everyone else would spike. Social Security retirement age would most definitely increase to age 70; perhaps not a problem for congressmen with sitting jobs but a real problem for laborers.
Medicare would be robbed of $25 billion immediately. When this happened before, many cancer patients were denied treatment because costly chemotherapy drugs were cut. Ironically, Sen. John McCain says he may vote for this, when he himself is being treated for cancer with the generous health insurance offered by Congress. How cruel and thoughtless is that?
Households making under $40,000 will pay $5.3 billion more. Households making over $1 million will pay $5.8 billion less. In other words, poor people who really do need money will hand over billions to super-rich people who really don’t need the money.
No matter what he says to the contrary, Trump and his family will benefit about $1 billion. And the “donor class” gets their billions too.
A billion here, a billion there. It adds up to real money, $1.5 trillion to the national debt. Suddenly fiscally conservative Republicans don’t care!
We thank the nonpartisan Congressional Budget Office and the Joint Committee on Taxation for this information. Republican senators refuse to tell their constituents what’s in the legislation or don’t even know themselves because most likely the bill is being written by the aforementioned donor class.
And that’s really scary!