2017 December 06

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December 2017
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Are Republicans paying for tax cuts with reductions in Medicare, Medicaid?

"Schumer said, "The Republicans are proposing to pay for their giant tax cut to the rich by gutting Medicare and Medicaid."

"He has a point that the tax proposal includes significant tax cuts and that the Senate Republicans’ budget proposal reduces projected spending levels for Medicare and Medicaid by hundreds of billions of dollars over 10 years.

"However, Schumer has overstated the linkage between the proposed tax and spending cuts. In addition, his decision to highlight Medicare and Medicaid cuts with the vivid word "gutting" leaves the impression that such reductions are a drastic reshaping and are likelier to occur than they actually are."

"We rate his statement Half True."

The One Percent in New York

This graph shows how many taxpayers in New York fall into one of these categories: Less then 200k (red), 200k-500k (orange), 500k-$1 million (yellow), and one million plus (light yellow).

As you can see, only a small percentage of each county makes more then 200k, even in New York City where the cost of living is much higher. Columns are the percent of the total tax filings, and is per household for joint filiers.

As you can see in many counties in New York State, households that make more then $200k a year are the one percent, or only a few percent beyond that.

Data Source: RocDocs Wealthy Taxpayers in New York State, 2013. http://rochester.nydatabases.com/database/wealthy-taxpayers-new-york-state