As the season of giving approaches, Congress has turned their attention to giving huge tax breaks to the most well-off in this country. While we won’t know how much this so-called tax reform will benefit the president -- as he refuses to release his personal and business taxes -- we do know it’ll be bad math for the working and middle class.
For nearly 40 years, the promise of “trickle down” has meant as much as a degree from Trump University. These tax cuts will only raise the debt further while being paired with draconian spending cuts. Medicare, Medicaid, and Social Security will once again find themselves in the crosshairs.
Not to limit themselves, House Republicans have also discussed dramatically limiting how much working Americans can put into retirement savings accounts. Actions speak louder than words, and the GOP’s actions say that retirement is only for the wealthy and not the workers.
Nebraska’s congressional delegation, which proudly represents a state full of hard workers, should see through the smoke and mirrors of the tax bill. Paying for massive tax breaks to corporations with cuts to middle-class retirement savings doesn’t add up.
Matt Baldwin, Lincoln