Republicans Blow Up Deficit With Tax-Cuts For The Rich, Seek Cuts to Social Security & Medicare to Pay For It

Vox: “Republicans have removed all doubt: When it comes to the federal deficit, the problem is Medicare and Social Security — not their own tax cuts for corporations and the wealthy.

Fresh off the news that the deficit is increasing under President Donald Trump, Senate Majority Leader Mitch McConnell told Bloomberg News that Congress should target Social Security and Medicare for cuts to address the growing federal debt.

The federal deficit grew by nearly $800 billion over the first fiscal year of Trump’s presidency, during which the Republican Congress passed a tax cut targeted mostly to corporations and the wealthy, which is projected to add more than $1 trillion to the deficit over the next 10 years.”

“Republicans were actually signaling during the tax debate, before the bill ever passed, that this was their strategy: pass a deficit-exploding tax cut and then argue that the real problem is federal spending on health and retirement benefits.”

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