Higgins Says GOP Budget Aims to Pay for Wealthy Tax Breaks on the Backs of Hardworking Americans
During a markup hearing of the House of Representatives Budget Committee, Congressman Brian Higgins (NY-26) was critical of the GOP 2019 Budget plan, introduced this week, calling it destructive to hardworking Americans.
The GOP Budget Plan:
- Cuts $537 billion from Medicare, by imposing higher costs on seniors and directing people away from traditional Medicare toward private health plans
- Cuts Social Security benefits by $4 billion and calls for additional cuts to be fast-tracked.
- Cuts mandatory veterans’ benefits by $59 billion over the next 10 years.
- Cuts transportation infrastructure investments by $317 billion over the next 10 years.
- Cuts $231 billion from student financial aid programs, making college more expensive and less accessible.
- Cuts $1.5 trillion from the Medicaid program, gutting care for seniors in need of long-term care and people with disabilities. It also continues the dismantling of the Affordable Care Act.
These cuts are proposed to pay for the tax plan approved last year, which adds $1.9 trillion in federal budget deficits over the next 10 years.
Higgins, a member of the Budget Committee, said, “We are told that these tax cuts would pay for themselves through the magic of dynamic scoring, or rebranded supply side trickle-down economics. Obviously, that has not worked, and it's not going to work here. Now, because of the debt and deficit that they created, they're going after, big shock, Medicare. We're going to give an 80-year-old a voucher to go out and purchase a health insurance policy on their own, they have pre-existing conditions. That's the reason why Medicare was established in the first place. Prior to 1965, it was very difficult for somebody that was an older American to purchase a health insurance policy, because health insurance companies didn't want to write a policy for someone who is older and sicker, and has a higher utilization rate and mostly has pre-existing conditions.”
Click here to see Congressman Higgins’ full testimony.