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Monday, March 18, 2024
March 18, 2024

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Letter: Tax plan hurts working families

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“Fundamentally the bill has been mislabeled. From a truth-in-advertising standpoint, it would have been a lot simpler if we just acknowledged reality on this bill, which is it’s fundamentally a corporate tax reduction and restructuring bill, period.” This quote is from Rep. Mark Sanford, R-S.C., on the House tax bill. This is also the opinion of most economists and the vast majority of citizens, yet the constant din of talking points from the Republican majority, including Rep. Jaime Herrera Beutler, R-Battle Ground, is just the opposite.

What the Republicans are having great difficulty defending, is that this bill adds $1.5 trillion to the budget deficit and this intentional addition to the deficit is part of their long-game strategy.

Remember sequestration? To comply with their own pay-as-you-go budget rules, when spending outpaces revenue, automatic spending cuts kick in. And their No. 1 targets for spending cuts are the social safety net programs: Social Security, Medicare and Medicaid. So, not only are the Republicans imposing additional tax burdens on the middle class, there is the likelihood that Social Security recipients could see up to a 2 percent reduction in their benefit when sequestration kicks in.

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