NEW Report: Republicans Want to Cut Social Security, Increase the Deficit and Inflation, Grant Tax Giveaways for Super Wealthy

Republicans have yet to put forward a plan that would actually address economic challenges and refused to support legislation that would tackle inflation and lower costs. They have, however, put forward their own ‘economic’ agenda for if they were to win a majority…

SPOILER ALERT: The Republicans’ economic plan would neither lower the deficit nor rein in prices – but it would cut Social Security and give tax breaks to the super wealthy. Read more from the Washington Post: GOP wants to push to extend Trump tax cuts after midterm elections

“Economists say the GOP’s plans to expand the tax cuts flies against their promises to fight inflation and reduce the federal deficit.”

“Republicans seeking to lead the House budget committee are all exploring changes to Social Security and Medicare to reduce costs to the federal budget, seeking to use the debt ceiling or government shutdown to force the issue.”

Republicans’ 2017 tax bill granted the super wealthy and corporations permanent tax breaks designed to be paid for by ultimately increasing taxes on low and middle income families, while increasing the federal deficit by $2 trillion. This congressional session, Democrats have passed historic legislation, without raising taxes on people making less than $400,000 per year, all while lowering the deficit $1.5 trillion. The contrast is clear.

DCCC spokesperson Tommy Garcia: 
“Republicans can’t be trusted to fight for working families because their priority is to slash Social Security and give wealthy special interests even more tax breaks. While Democrats put people over politics, Republicans put power and special interests over everyday families time and time again.”

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