In a 2011 interview with CNBC, she said that Democrats “took half a trillion dollars out of Medicare” to fund Obamacare.Īmong the many accounting gimmicks used to pass Obamacare, the biggest one centered on Democrats’s claim that the law genuinely improved Medicare’s solvency. You don’t have to take my word for it on this one - House Speaker Nancy Pelosi (D-CA) admitted it herself. The Democrats Raided Medicare to Pay for Obamacare ![]() They want to take money promised to pay for benefits and divert those funds to pay for the health coverage of other individuals, including undocumented immigrants - making Sanders’ program not “Medicare for All” but “ Medicare for None.” In calling the new program “Medicare for All,” Sanders and his fellow socialists continue to perpetuate a cruel bait-and-switch on American seniors. ![]() Section 701(d) of the legislation (page 59 of the Sanders bill) would also liquidate the Medicare trust funds, using those dollars to pay for the new single-payer program. In other words, Sanders and the other 133 congressional Democrats who support his bill - 14 in the Senate, and another 119 who co-sponsored companion legislation in the House - want to abolish Medicare. Title XVIII of the Social Security Act refers to the Medicare program. ( A) no benefits shall be available under title XVIII of the Social Security Act for any item or service furnished beginning on or after the effective date of benefits under section 106(a) That section, beginning on page 63 of the legislation, includes the following language: For that matter, so much for Joe Biden caring about people with pre-existing conditions on Obamacare. So much for “Middle-Class Joe” putting the health benefits of seniors ahead of lining his own pockets. Of the more than half a million in payroll taxes they avoided, nearly $400,000 would have gone to Medicare, and more than $100,000 would have funded Obamacare. This questionable tax maneuver allowed them to avoid paying payroll taxes on the millions they reported as corporate profits. In 20, Joe Biden and his wife Jill reported nearly $13.3 million in book royalties and speaking fees as profits from two S-corporations rather than taxable wages. Joe Biden Avoided More Than $500,000 in Payroll Taxesīiden’s Saturday statement on the executive orders said “our seniors and millions of Americans with disabilities are under enough stress without Trump putting their hard-earned Social Security benefits in doubt.” But the presumptive Democratic nominee has little ground to attack Trump’s payroll tax suspension, given that Biden previously avoided paying more than half a million dollars in payroll taxes. Yet an accurate examination of their record shows that on the payroll tax and protecting entitlement benefits for seniors, Democrats have little ground to stand on. ![]() ![]() Some conservatives outraged by Barack Obama’s “pen and a phone” strategy raised concerns about another instance of the executive circumventing Congress, and whether a future Democrat president would cite the Trump precedent to go even further in unilateral policy changes.ĭemocrats, however, took a much more disingenuous line of attack against the president’s payroll tax suspension, claiming that it would lead to the ruination of Social Security and Medicare. Unsurprisingly, President Trump’s executive actions to bolster the economy drew criticism upon their release Saturday. Democrats Slam Trump’s Payroll Tax Cut For ‘Raiding’ Entitlements While Raiding Entitlements
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