Setting the Record Straight
False charges about Roadmap and our responses:
“Provides tax breaks for the wealthy” - The proposed simplified tax code retains its progressivity, and cleans out the tangled web of tax deductions and credits that are disproportionately used by the wealthy. The tax base is broadened so that rates can be lowered. It also offers generous standard deductions so that a middle-income family of four pays no taxes on the first $39,000 of its income. More important, the business-tax changes in the Roadmap would deliver what all Americans seek at this time — increased job opportunities and higher economic growth.
“Ends Medicare as we know it” - Under the President’s budget, Medicare would simply grow itself right into bankruptcy. Unlike the Majority’s health care overhaul that cuts Medicare by nearly a half-trillion dollars to create a new entitlement, the Roadmap makes no change for people 55 and older. The Roadmap makes Medicare permanently solvent so that it can fulfill the mission of health and retirement security for today’s and future generations of seniors. The Medicare reforms provide future beneficiaries (those currently under 55) with health coverage options just like the program enjoyed by Members of Congress.
“Privatizes Social Security” -The Roadmap makes no change for those 55 and older. It provides future retirees with the option to either stay in the traditional government-run system or to enter a system of guaranteed personal accounts. Neither option is privatized. In the personal-accounts system, the accounts are owned by the individual, and managed and overseen by Social Security — not a stockbroker or private investment firm. People choosing the reformed system select from a handful of low-risk, government-regulated options — just as Members of Congress and Federal employees do.