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Despite the tremendous progress this law has made insuring millions of Americans, congressional Republicans led by Rep. Paul Ryan have introduced a budget proposal that threatens the security of Medicare and Medicaid.
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It affects the business climate and endangers important issues -- the status of Social Security, the status of Medicare, the real need for a certain level of taxation.
Since payroll taxes finance Social Security and part of Medicare, cost growth in these programs pressures policy makers to raise those taxes.
A GAO study reviewing 2003 and 2004 tax returns calculated that Subchapter S corporations mischaracterized earned income by a whopping $23.5 billion, resulting in underpayments to Social Security and Medicare of billions of dollars in just those two years.
The creation of Social Security in 1935 and of Medicare in 1965 attracted support from both parties.
No, it was about higher state and local spending on education, plus expansion of Social Security and the coming of Medicare and Medicaid.
(It is also worth noting that the White House separates out tax revenue for and spending on Social Security and certain parts of Medicare).
We can use part of this savings, as I have suggested, to extend the solvency of Social Security to 2057 and of Medicare to 2030.
Voters are, in general, "more attuned to income inequality... more supportive of Social Security and Medicare... fonder of regulation and more skeptical of big business".
They know that wage and health insurance, in the form of Social Security and Medicare, is one of those things.
They would then go into high gear pushing their agenda of cutting Social Security and Medicare regardless of who won the elections.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com