GOP tax reform
First, let’s flash back to the 2016 campaign when then candidate Donald Trump made the following statement: “I am not going to cut Medicare or Medicaid. Every other Republican is going to cut them.”
Now let’s come back to today (10/26/17), with the proposed GOP tax reform plan rapidly taking shape. Although some specifics of this plan are as yet uncertain, some seem pretty well set: A $473 billion cut to Medicare over the next 10 years, along with a $1 trillion cut to Medicaid.
In addition, currently available reports indicate that 80% of the money resulting from these tax cuts will go to the richest 1% of Americans, while another $1.5 trillion will be added to the national debt.
Hopefully President Trump will at some point soon take a closer look at this plan, realize that it breaks that promise he made to America during his campaign, and take action to change at least this part of the current GOP plan to set things right and keep his word. Perhaps he’ll also realize that there may be better choices for our nation than funneling more wealth to the already wealthy while blowing a huge hole in the national debt in the name of the “party of financial responsibility.”
Dale E. Buonocore,