Dec 18, 2017
Michael Linden of the Roosevelt Institute explaining why the tax plan, on top of being socially destructive, is economically destructive as well.
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Michael Linden of the Roosevelt Institute explaining why the tax plan, on top of being socially destructive, is economically destructive as well.
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“Oh hey, the GOP Chair of the House subcommittee on Social Security just introduced a new bill to massively cut SS benefits. 1/”
I mean massively. Most workers would see their benefits cut by more than 10 percent. 2/
Many would suffer even deeper cuts. For example, benefits to workers making about 50k would shrink by between 11 and 35%! 35 percent!! 3/
Some very low income workers get held harmless, but not all. Worker at $12k who only has 14 years of work history gets cut up to ~50%!! 4/
This is the GOP plan for Social Security. Enormous cuts for nearly all workers. Not a single penny of additional revenue from the rich. 5/
Here's the link to the SS Actuaries report on the new GOP plan to cut benefits. https://www.ssa.gov/oact/solvency/SJohnson_20161208.pdf …
Skeye par Michael Linden Via Flickr : Tractricious sculpture looking upward from the base. Fermi National Accelerator Laboratory (Fermilab), Batavia, IL.
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Billy Lewis turns 22!
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Last night was FANTASTIC. I absolutely adore Victoria and Britney.
And Michael Linden is amazingly amazing.