Social Security and Medicare deductions are not changing from the Trump tax cut

[ColonelAngus]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

 

[JakeStarkey]

The Colonel is

 

[NYcarbineer]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

I think Foxnews needs to clean up the posting instructions they're sending to you people because about 2/3rds of your OP's are outright incoherent.

 

[MarathonMike]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

 

[ColonelAngus]

Nancy said it was ARMAGEDDON!!

THE CHILDREN!!! THE ELDERLY!!!

HOWEVER,
FICA (Federal Insurance Contributions Act) taxes that include Social security taxes and Medicare tax withholding ARE NOT AFFECTED.

 

[deanrd]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

Now you're getting it. You finally got something right.

 

[deanrd]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

I think the number will be higher. It's what happens when millions lost healthcare.

And never mentioned is the FACT that 87% of lost manufacturing jobs were automated and we have a record 6 million jobs unfilled because people don't have the skills. With the GOP gutting education, the ONLY way those jobs will be filled is with educated immigrants.

Survey: GOP business executives want immigrant workers, not voters

Republicans just too stupid for words. They have no idea the damage their leadership is creating.

 

[MarathonMike]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

I think the number will be higher. It's what happens when millions lost healthcare.

And never mentioned is the FACT that 87% of lost manufacturing jobs were automated and we have a record 6 million jobs unfilled because people don't have the skills. With the GOP gutting education, the ONLY way those jobs will be filled is with educated immigrants.

Survey: GOP business executives want immigrant workers, not voters

Republicans just too stupid for words. They have no idea the damage their leadership is creating.

And how exactly does removing a mandate force millions to lose their healthcare? You live with the choices you make, Obamacare is still a law is it not? It is only the bogus government forced mandate that was removed.

 

[JakeStarkey]

Mike, quit sounding like you are nine years old. The mandate now removed will force the government to either increase subsidies or permit prices to grow out of the reach of the poor. This will be another reason why single payer is inevitable.

 

[ColonelAngus]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

I think the number will be higher. It's what happens when millions lost healthcare.

And never mentioned is the FACT that 87% of lost manufacturing jobs were automated and we have a record 6 million jobs unfilled because people don't have the skills. With the GOP gutting education, the ONLY way those jobs will be filled is with educated immigrants.

Survey: GOP business executives want immigrant workers, not voters

Republicans just too stupid for words. They have no idea the damage their leadership is creating.

And how exactly does removing a mandate force millions to lose their healthcare? You live with the choices you make, Obamacare is still a law is it not? It is only the bogus government forced mandate that was removed.

You mean people can CHOOOOSE if they want to buy HEALTHCARE OR NOT?

People should do what the GOVERNMENT TELLS THEM TO DO!

 

[JakeStarkey]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

I think the number will be higher. It's what happens when millions lost healthcare.

And never mentioned is the FACT that 87% of lost manufacturing jobs were automated and we have a record 6 million jobs unfilled because people don't have the skills. With the GOP gutting education, the ONLY way those jobs will be filled is with educated immigrants.

Survey: GOP business executives want immigrant workers, not voters

Republicans just too stupid for words. They have no idea the damage their leadership is creating.

And how exactly does removing a mandate force millions to lose their healthcare? You live with the choices you make, Obamacare is still a law is it not? It is only the bogus government forced mandate that was removed.

You mean people can CHOOOOSE if they want to buy HEALTHCARE OR NOT?

People should do what the GOVERNMENT TELLS THEM TO DO!

They always choose, Colonel. Look up definitions, please.

 

[JoeTheEconomist]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

It is interesting to see the dysfunction of our political debates. Both sides are pure ideology, without any interest in fact. As much as the critics of tax reform complained about the impact on Social Security, none of them raised the actual real issue. If you reduce middle class taxes, you will reduce the revenue that is collected for both Social Security and Medicare from the taxation of benefits. While that may be fair depending upon your ideology, it is going to mean that Social Security will hit insolvency sooner and with greater force.

 

[rightwinger]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

What affect does the GOP tax bill have on healthcare?

Removing the individual mandate makes requiring insurance companies to cover pre-existing conditions impossible

As coverage becomes more expensive, more people will drop out

All so we can cut taxes on billionaires

 

[JoeTheEconomist]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

What affect does the GOP tax bill have on healthcare?

Removing the individual mandate makes requiring insurance companies to cover pre-existing conditions impossible

As coverage becomes more expensive, more people will drop out

All so we can cut taxes on billionaires

The thread is about Social Security and Medicare. That impact I can explain. I can't explain the impact on healthcare. Here is the theoretical connection, if we increase the deficit Congress by law will have to reduce Medicare by 25 billion or so. There is a lot of theory in that connection.

If we reduce revenue going to Social Security and Medicare, these programs will deliver larger hits to seniors (in the future) at a sooner time. Believe it or not, repealing the ACA would have had a similar impact on Social Security, but again no one is talking about it.

 

[imawhosure]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

It is interesting to see the dysfunction of our political debates. Both sides are pure ideology, without any interest in fact. As much as the critics of tax reform complained about the impact on Social Security, none of them raised the actual real issue. If you reduce middle class taxes, you will reduce the revenue that is collected for both Social Security and Medicare from the taxation of benefits. While that may be fair depending upon your ideology, it is going to mean that Social Security will hit insolvency sooner and with greater force.

Now that is an AMAZING statement. Are you actually trying to convince anyone on here that these programs are funded by the amount of income tax paid on the benefits-)

If that is the case; praytell, then why do they take huge chunks of money DIRECTLY out of our paychecks pointed at these programs for direct funding by the populace?

Show us.........use any link you like............that the TAXES paid from the income that these benefits generate, are put right back into the program.

In fact, show is the direct deductions we pay are put in a lock box for future use, and NOT into the general fund.

Please, help educate us-)

 

[NYcarbineer]

Did they end the mandate without ending the pre-existing conditions protection? Doesn't that mean that people can now simply wait until they need the insurance before they buy it, and the ins. companies are stuck?

 

[NYcarbineer]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

It is interesting to see the dysfunction of our political debates. Both sides are pure ideology, without any interest in fact. As much as the critics of tax reform complained about the impact on Social Security, none of them raised the actual real issue. If you reduce middle class taxes, you will reduce the revenue that is collected for both Social Security and Medicare from the taxation of benefits. While that may be fair depending upon your ideology, it is going to mean that Social Security will hit insolvency sooner and with greater force.

Now that is an AMAZING statement. Are you actually trying to convince anyone on here that these programs are funded by the amount of income tax paid on the benefits-)

If that is the case; praytell, then why do they take huge chunks of money DIRECTLY out of our paychecks pointed at these programs for direct funding by the populace?

Show us.........use any link you like............that the TAXES paid from the income that these benefits generate, are put right back into the program.

In fact, show is the direct deductions we pay are put in a lock box for future use, and NOT into the general fund.

Please, help educate us-)

They are not put into the general fund as revenue. The general fund BORROWS from the trust funds in the form of treasury securities, must pay interest on them, and owe the principal they borrowed to the trust funds.

 

[Papageorgio]

Really you don't understand the OP? Well let me help you guys out. This is a typical response from Democratic leadership about the GOP tax bill:
Larry Summers said the Senate tax bill will kill 10,000 people each year. The truth is worse.

I think the number will be higher. It's what happens when millions lost healthcare.

And never mentioned is the FACT that 87% of lost manufacturing jobs were automated and we have a record 6 million jobs unfilled because people don't have the skills. With the GOP gutting education, the ONLY way those jobs will be filled is with educated immigrants.

Survey: GOP business executives want immigrant workers, not voters

Republicans just too stupid for words. They have no idea the damage their leadership is creating.

When was education gutted? There seems to be no lack of money available from the feds to get an education, do you have a real news article to link or is all this unsubstantiated opinions from left wing nuts?

As far as the unfilled jobs, it isn’t the skill that is lacking, it’s the people to fill the positions, almost every industry is having a shortage of workers. It’s the side effect of a good economy.

Take care Mr. Doom and Gloom.

 

[imawhosure]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

It is interesting to see the dysfunction of our political debates. Both sides are pure ideology, without any interest in fact. As much as the critics of tax reform complained about the impact on Social Security, none of them raised the actual real issue. If you reduce middle class taxes, you will reduce the revenue that is collected for both Social Security and Medicare from the taxation of benefits. While that may be fair depending upon your ideology, it is going to mean that Social Security will hit insolvency sooner and with greater force.

Now that is an AMAZING statement. Are you actually trying to convince anyone on here that these programs are funded by the amount of income tax paid on the benefits-)

If that is the case; praytell, then why do they take huge chunks of money DIRECTLY out of our paychecks pointed at these programs for direct funding by the populace?

Show us.........use any link you like............that the TAXES paid from the income that these benefits generate, are put right back into the program.

In fact, show is the direct deductions we pay are put in a lock box for future use, and NOT into the general fund.

Please, help educate us-)

They are not put into the general fund as revenue. The general fund BORROWS from the trust funds in the form of treasury securities, must pay interest on them, and owe the principal they borrowed to the trust funds.

Semantics, but I suppose you are technically correct. Point is though, the money is not there, it is gone.

But that still does not address the other point which is---------->taxes on income paid from these programs, have no fiscal tie to funding the programs themselves, meaning his point is ludicrous. The only funding mechanism counted is-----------> what they deduct, or we pay directly to fund the program.

 

[JoeTheEconomist]

...but what about the Children and the elderly?!

They’re all going to die because of Trump!

Trump is Hitler!

It is interesting to see the dysfunction of our political debates. Both sides are pure ideology, without any interest in fact. As much as the critics of tax reform complained about the impact on Social Security, none of them raised the actual real issue. If you reduce middle class taxes, you will reduce the revenue that is collected for both Social Security and Medicare from the taxation of benefits. While that may be fair depending upon your ideology, it is going to mean that Social Security will hit insolvency sooner and with greater force.

Now that is an AMAZING statement. Are you actually trying to convince anyone on here that these programs are funded by the amount of income tax paid on the benefits-)

If that is the case; praytell, then why do they take huge chunks of money DIRECTLY out of our paychecks pointed at these programs for direct funding by the populace?

Show us.........use any link you like............that the TAXES paid from the income that these benefits generate, are put right back into the program.

In fact, show is the direct deductions we pay are put in a lock box for future use, and NOT into the general fund.

Please, help educate us-)

Most people do not realize that the taxation of benefits (a) is recycled specifically to Social Security and Medicare (b) targets the middle class. I assume that you know these things particularly if you pay the taxes.

I can cut and paste or you are free to look-up the details in articles I have published.

The taxation of revenue is a small amount now, but it is projected to grow rapidly. It is a vital channel of revenue for Social Security because it is free cash. The money you are talking about is kick-the-can revenue because every dollar in creates a promise of more than a dollar out in the form of future benefits.

The tax cuts ignore this impact on Social Security’s finances

If that is the case; praytell, then why do they take huge chunks of money DIRECTLY out of our paychecks pointed at these programs for direct funding by the populace?

Show us.........use any link you like............that the TAXES paid from the income that these benefits generate, are put right back into the program.

In fact, show is the direct deductions we pay are put in a lock box for future use, and NOT into the general fund.

Please, help educate us-)

That piece has some analysis on top of the numbers. Do you want links directly to the Trustees Report.

See "Taxation of benefits"

B. TRUST FUND FINANCIAL OPERATIONS IN 2016

In fact, show is the direct deductions we pay are put in a lock box for future use, and NOT into the general fund.

Please, help educate us-)

That report shows you that we contributed $836.2 billion and expensed $922.3. That means that the program spent more than it collected. There is nothing to put a "lock box" and hasn't been for 7 years.