Gianforte Votes to Cut Medicare by $473 Billion to Advance Tax Cut for Himself
Meanwhile CHIP, which provides health care for nearly 45,000 children, has not been reauthorized
Helena – Today, Congressman Greg Gianforte, who is one of the wealthiest members of Congress, voted along party lines to cut Medicare by $473 billion in order to advance a tax proposal that would give multimillionaires like him a huge tax cut. Meanwhile, the Children’s Health Insurance Program (CHIP), which provides nearly 45,000 Montana kids with health insurance, still has not been reauthorized by the Congressional majority.
During his campaign for Congress, Gianforte wrote that he would fight for older Montanans: “I'll work to protect and strengthen Social Security and Medicare.” But his vote to cut almost half a billion dollars from Medicare proves this promise to be just another example of Gianforte breaking his word to Montanans.
These Medicare cuts will help finance tax breaks for the wealthiest Americans, while raising taxes on some middle class families. Gianforte is so desperate to give himself a tax cut before the end of the year, he called the proposal “a do-or-die situation…We need to get it done by the end of the year or we’ve missed our window.”
But while he feels that cutting taxes for the super-rich is a “do-or-die” situation, Gianforte and his party bosses have yet to get around to reauthorizing CHIP, which provides nearly 45,000 Montana kids with health care.
“Greg Gianforte seems to think that giving himself and other multimillionaires a tax break is ‘do-or-die’, but apparently the health care of older Montanans and thousands of children are not,” said Nancy Keenan, Executive Director of the Montana Democratic Party. “After today’s vote, it’s clear that Gianforte lied to Montanans when he said he would protect Medicare. Anyone who votes to cut the benefits folks have earned over a lifetime of hard work just to help their own bottom line clearly does not understand or share Montana values at all.”
The tax proposal as written would “overwhelmingly benefit the wealthiest Americans,” and increase the budget deficit. It raises taxes on some middle class families, while the wealthiest 0.1% of Americans like Gianforte will see their taxes cut by 6.8%. Economists estimate that the current plan would add more than $2 trillion to the deficit.