Prominent Democrats—including the president and House Minority Leader Nancy Pelosi—are openly suggesting that Medicare be means-tested and Social Security payments be reduced by applying a lower adjustment for inflation.
This is even before they’ve started budget negotiations with Republicans—who still refuse to raise taxes on the rich, close tax loopholes the rich depend on (such as hedge-fund and private-equity managers’ “carried interest”), increase capital gains taxes on the wealthy, cap their tax deductions or tax financial transactions.
Across-the-board budget cuts—called sequestration—will cost more than 750,000 jobs this year alone and many more jobs over the next decade. There is a simple solution to make this problem go away: repeal sequestration.
It's that simple.
Join working families on March 20 for a national day of actions at congressional offices and in our communities.
Democratic Reps. John Conyers (Mich.), Keith Ellison (Minn.), Alan Grayson (Fla.) and Raul Grijalva (Ariz.) will demand action on a one-sentence bill introduced by Conyers called the "Cancel the Sequester Act of 2013."
You can watch the press conference live at 12 p.m. EDT here or in this blog.
Push to repeal the sequester (a reconciliation bill in the Senate would allow repeal with 51 votes, thereby putting pressure on House Republicans) and replace it with a “Build America’s Future” Act that would close tax loopholes used by the wealthy, end corporate welfare, impose a small (1/10 of 1%) tax on financial transactions and reduce the size of the military.
The AFL-CIO Executive Council today called on Congress to repeal—not replace—the economically destructive budget cuts that Republicans in Congress are using as leverage to demand Social Security, Medicaid and Medicare benefit cuts. If the sequester is to be replaced, in whole or in part, the council called for closing tax loopholes for Wall Street and the wealthiest 2%, which would minimize harm to the economy.
Reps. Raúl M. Grijalva (D-Ariz.) and Keith Ellison (D-Minn.), Congressional Progressive Caucus co-chairs, released a statement yesterday that there is one simple way we can deal with the upcoming Republican-manufactured faux budget crisis designed to extract painful benefit cuts to Social Security, Medicare and Medicaid: eliminate it.