The following article by Susan Du was posted on the CityPages website November 17, 2017:
The U.S. House passed the Republican tax bill Thursday afternoon along party lines, though 13 Republicans broke ranks to vote against the proposal.
The bill contains big tax cuts for corporations and millionaires, which it pays for by eliminating deductions for student loans, medical expenses, and on state and local sales and income taxes.
The Congressional Budget Office estimates the bill would raise deficits by $1.5 trillion over the next 10 years, which Congress will have to pay for. One way to find extra money: cutting the cost of supporting America’s most vulnerable. If the GOP tax bill passes both chambers, the Office of Management and Budget would be required to seize $136 billion from mandatory spending programs like Medicare, which could be slashed by $25 billion in 2018. Continue reading “As Rep. Erik Paulsen votes for tax bill, his staffer stonewalls concerned seniors”