Las Vegas Sun

April 20, 2024

Letter to the editor:

GOP is all about tax cuts for rich

On the first day of the 114th Congress, Republicans went after Social Security by placing new restrictions on routine transfers between Supplemental Security Income and Social Security Disability Insurance, known as reallocations. According to the Center for Budget and Policy Priorities, SSDI isn’t broken but is strained due to demographic trends that the reallocations are intended to address. According to the CBPP, if these reallocations are made, both programs are solvent until 2033. I believe if the cap is raised on the rich (the point at which the rich no longer contribute), Social Security will be solvent for many more years.

The Republicans also pushed for “dynamic scoring.” That allows them to set budget projections based off the debunked “Reaganomics/trickle down” theology, which says if you cut taxes for the rich it will magically add revenues to the Treasury. For those who still subscribe to this debunked theory, look no further than what Gov. Sam Brownback has done to Kansas.

Dynamic scoring will set the table for more tax cuts for the super wealthy, furthering our national debt.

As if we didn’t know the disastrous agenda congressional Republicans had in store (I’m actually just guessing because they certainly didn’t run on the issues during the midterm campaigns), this first day has proven our fears correct.

The 114th Congress will be all about tax cuts for the rich, further deregulation of financial and energy sectors, Trans Pacific Partnership (aka more offshoring of American jobs) and more assaults on the safety net.

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