GOP Tax Law's Cuts to Medicare, Social Security Remain Unpopular With Arizonans - Insurance News | InsuranceNewsNet

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April 17, 2018 Newswires
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GOP Tax Law’s Cuts to Medicare, Social Security Remain Unpopular With Arizonans

Targeted News Service (Press Releases)

PHOENIX, Arizona, April 16 -- The Arizona Democratic Party issued the following news release:

The Republican Party's tax law remains unpopular with voters as we inch closer to the 2018 elections. According to a recent poll, Arizonans aren't buying the tax law because it would likely lead to cuts to Medicare and Social Security while ballooning the national debt by $2.3 trillion.

This spells nothing but trouble for Joe Arpaio, Kelli Ward and Rep. Martha McSally - all Arizona Republicans who backed the #GOPTaxScam. With Arizonans, including seniors, lining up against the tax law, don't be surprised if the AZGOP simply stops talking about the tax law altogether - just like they've done in other states across the nation.

Bloomberg: "Republicans Struggle to Make Tax Cuts a Winning Election Issue"

By: Sahil Kapur

Key Points:

"Some recent polls show that the majority of Americans still don't support the tax law..."

"If they can't run on tax cuts in a district Trump won by 20 [points] and win, where can they run on tax cuts and win?" said David Wasserman, House editor of the nonpartisan Cook Political Report."

"...the law's repeal of the individual mandate tax penalty that started under the Affordable Care Act will lead to higher health-care premiums. That will offset the lower tax rates and almost doubling of the standard deduction for the middle class..."

The Hill: Wage growth well short of what was promised from tax reform

By Chris Macke

Key Points:

"The latest Employment Situation report from the Bureau of Labor Statistics shows weekly employee earnings have grown $75 since tax reform passed, well short of the $4,000 to $9,000 annual increases projected by President Trump and House Speaker Paul Ryan (R-Wis.).

Unless something drastically changes, it seems that Americans are going to have to settle for much less than the $4,000 to $9,000 projected wage increases. An extra $322 a year isn't going to do much to pay down the $1 trillion in additional debt they are projected to take on as a result of the tax cuts."

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