Following passage of Senate tax bill, US ruling class takes aim at Social Security and Medicare

 

Following passage of Senate tax bill, US ruling class takes aim at Social Security and Medicare

4 December 2017

The passage by the Senate of the Trump administration’s tax bill is a landmark in the decades-long ruling class offensive against the working class in the United States.

With no serious opposition from the Democrats, and with final passage of a tax bill by the end of the month following negotiations with the House all but assured, congressional Republicans are moving on to the next stage of the class war agenda: the gutting of Social Security, Medicare, and Medicaid.

The Senate version of the bill adds $1.5 trillion to the federal budget deficit, triggering automatic cuts in spending for Medicare, the federal health insurance program for the elderly, of half a trillion dollars over 10 years, according to the Congressional Budget Office, and setting the stage for massive cuts in other social programs.

Last week, Trump declared at a Missouri rally, “We’re going to go on to welfare reform.” On Wednesday, Republican Senator Marco Rubio of Florida told business executives: “Many argue that you can’t cut taxes because it will drive up the deficit.” On the contrary, he argued, the costs can be offset by imposing “structural changes to Social Security and Medicare for the future.”

Talk of “structural changes” is political jargon for the privatization of these bedrock programs upon which hundreds of millions of people depend and their destruction as guaranteed entitlements.

The envisioned cuts to entitlements will come on top of the hugely regressive provisions of the bill itself. Within 10 years, the Senate bill will increase taxes for households making under $75,000 while cutting taxes for households making more than that amount, with the richest 5…

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