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The COVID-19 pandemic has wreaked havoc on the American economy, leading to a loss of revenues to the federal government. Among the many revenue streams that the federal government has is the payroll tax, which is a dedicated revenue source for Social Security and Medicare hospital insurance. Even before the pandemic, these social insurance programs were facing insolvency. The pandemic is certain to worsen the outlook for these programs.
WASHINGTON, D.C. -- In response to the House Budget Committee’s hearing today on the FY 2021 White House Budget, Adam Brandon, FreedomWorks President, commented:
On behalf of our activist community, I urge you to contact your representative and ask him or her to cosponsor the Making DI Work for All Americans Act, H.R. 4854, introduced by Rep. Ted Yoho (R-Fla.). The bill would modernize Social Security Disability Insurance (SSDI) by making it more fiscally responsible and ensuring it is, as intended, a safety net to those who truly need it.
On behalf of FreedomWorks’ activist community, I urge you to contact your representative and ask him or her to cosponsor the Senior Citizens Tax Elimination Act, H.R. 3971, if they haven’t already done so. Introduced by Rep. Thomas Massie (R-Ky.) and boasting more than a dozen original, bipartisan cosponsors, the Senior Citizens Tax Elimination Act would get rid of the double-tax on seniors’ Social Security benefits.
Democratic presidential candidates like Elizabeth Warren and Cory Booker have made inequality a central issue in the campaign. But their plans for minimum-wage hikes, wealth taxes and income-tax rates of 50% to 70% would restrain the economy and hurt all Americans. At least they have ideas. Republicans seem to have few of their own to boost the wealth of working- and middle-class people, ceding the debate to the Democrats and their ill designs.
WASHINGTON, D.C. -- FreedomWorks Foundation today releases its booklet, Entitlement Reform: A Growing National Emergency, in response to the record $22 trillion national debt, with mandatory entitlement spending and interest on the debt being the primary drivers. Congressional Democrats continue to pay no heed to the problem, as evidenced by their repeated proposals to expand entitlement programs.
Since Democrats took control of the House, there has been no shortage of bad legislation that has either been pushed through the lower chamber or advocated by progressives. Democrats were set to consider yet another “caps deal” to bust its own spending maximums set under the Budget Control Act. The Democratic leadership has pulled it from the schedule as progressives and moderates in the party disagree on spending levels. Progressives, of course, want more spending on domestic programs.
WASHINGTON, D.C. -- In response to CMS’s release of its 2019 Medicare Trustees Report this afternoon that confirms the desolate state of our nation’s entitlement spending, Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:
FreedomWorks Foundation, American Legislative Exchange Council, Tea Party Patriots and Committee to Unleash Prosperity in partnership with a coalition of conservative organizations and prominent individuals, launched the Save Our Country Task Force.