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GOP Tax Bill Would Trigger Devastating Cut to Medicare

November 15, 2017

News Release

“In their rush to enact a reckless tax bill, Congressional Republicans have overlooked a provision in federal budgetary law that would have immediate and devastating consequences for Medicare.  Because the GOP tax plan blows a hole in the deficit, it would trigger automatic budget cuts under the little-known “PAYGO law” – including a $25 billion reduction in Medicare spending for the current fiscal year. Obviously, such a drastic cut would undermine the delivery of care to the 57 million seniors and disabled Americans who depend on the program. Left uncorrected, this would not only be a bald-faced admission that tax breaks for the wealthy and big corporations are more important than medical care for seniors, but also a betrayal of President Trump’s promise not to touch Medicare.  Fortunately, lawmakers have the power to waive this sequestration. In a letter to the House, I have urged them to oppose the GOP’s “Robin Hood in Reverse” tax plan in its entirety – or at least stop this massive and instant cut to Medicare while they have the chance. - Max Richtman, President & CEO of the National Committee to Preserve Social Security and Medicare

 

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The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff.  The work of the National Committee is directed toward developing better-informed citizens and voters. 

Media Inquiries to:

Pamela Causey 202-216-8378/202-236-2123

Walter Gottlieb 202-216-8414




   

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