Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, December 3, 2017

Rubio: Offset Tax Cuts By Reducing Social Security, Medicare Benefits

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2017-12-02/54511ba5-f1fd-4f7c-b9e5-3ecf20d8fe22.pngSen. Marco Rubio (R-Fla.) discussed tax reform in front of an audience of political analysts and lobbyists this past Thursday. He commented on the need for increased economic growth along with a reduction in spending, which “will mean instituting structural changes to Social Security and Medicare” in the future. Rubio pressed the issue, saying that we “don’t need to reduce benefits on current retirees or even near-term retirees, but we can make changes for future generations such as mine, and do so in a way that people can prepare for, so the changes will barely be felt[.]”

See Tracey Longo, Rubio: Offset Tax Cuts By Reducing Social Security, Medicare Benefits, Financial Advisor, November 29, 2017.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2017/12/rubio-offset-tax-cuts-by-reducing-social-security-medicare-benefits.html

Current Events, Estate Planning - Generally, Income Tax | Permalink

Comments

Post a comment