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Reply to "Big Beautiful Bill"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For people in their 40s/50s who think BBB is great... do you all not realize that we have paid a sh*^ ton into social security but we won't be getting our due now because of this bill? The BBB doesn't really save that much in taxes for most of us; it does for the rich. But, what it does do is balloon the deficit and make social security insolvent even faster. [quote]The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired.[/quote] https://www.yahoo.com/news/house-gop-clears-key-hurdle-075405529.html It this really worth ballooning our deficit and gutting social security for the future? - signed a former R now Independent[/quote]Please explain the changes to Social Security. I am not aware of any.[/quote] The tax cuts of the rich mean that our government will go bankrupt much sooner than expected. So don't count on your Medicare or Social Security.[/quote] Social security is funded separately, BBB has no effect on SSI taxes that fund SSI. Stop trying to scare people, no one buys it. [/quote]
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