The Republican philosophy is the working class wastes money on “booze or women or movies” (Sen. Chuck Grassley, R-Iowa) rather than saving for the future. A tax cut for the wealthy is the reward for being “virtuously” rich. The Trump family will likely save $1 billion.
The party says the wealthy need to keep what they earn. What about the folks who work hard, pay into Medicare and Social Security, and would like to keep their investments? For many, Medicare and Social Security are hard-earned investments.
What about the people who tried to save but couldn’t because of health care and education costs? What about folks who, unlike our Congress, do not have guaranteed pensions, excellent health care coverage, and a 5 percent 401(k) matching fund? Rep. Glenn Thompson has a guaranteed pension, health insurance and a 401(k).
The tax cut increases the deficit. The budget decreases Medicare, Medicaid and Social Security yet preserves tax advantages for hedge-fund managers and eliminates estate taxes for those with more than $10 million. It is obvious that the Republican party does not like or have time for the American people.
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Sen. Orrin Hatch (R-Utah) expresses disdain for those who use the Childrens’ Health Insurance Program, claiming that there is no money for it. Apparently we can increase debt to cancel inheritance taxes for the wealthy, but we can’t provide medical care for children. Thank you Glenn Thompson and your fellow congressional Republicans. Maybe Thompson should help the constituency instead of the aristocracy called Congress.
Jeffrey Kern, State College