Amendment to Cut Funding to Social Security, Medicare and Medicaid

Mar. 28, 2012 | H.Amdt. 1001 to H.Con.Res. 112

This substitute to the Republican budget resolution offered by Rep. Jim Cooper (R-Tenn.) and Rep. Steve LaTourette (R-Ohio) would make makes deep cuts in Social Security benefits, cuts to Medicare benefits and Medicaid, offer more tax incentives for U.S. firms to export jobs overseas, tax working Americans' health benefits and lower tax rates for rich people and Wall Street. Instead of fixing the economy and solving this country's problems, the Cooper-LaTourette budget resolution would double down on the same mistakes that drove the economy into a ditch in 2008. Economic inequality is at its highest level seen since the 1920s, yet this budget resolution would lower the top marginal individual tax rate and the top corporate income tax rate. The amendment was rejected.