Entitlements cost more than the Defense budget and the majority goes to the rich but Senator Manchin does not want to spend another penny if it goes to the poor because he is so worried about us poor and Middle Class people becoming Dependent on Government Welfare.
Notice Manchin also does not want the Rich taxed too much to pay for entitlements, however,
Tax expenditures reduce the amount of tax that households or corporations owe. To benefit from a tax expenditure, a taxpayer must undertake certain actions or meet certain criteria. For example, some households that have a mortgage can reduce their taxes by claiming a tax deduction for their spending on mortgage interest, and corporations can receive a tax subsidy for investing in machinery.
Tax expenditures are costly. For comparison, the cost of all federal income tax expenditures was higher than Social Security, the combined cost of Medicare and Medicaid, or the cost of either defense or non-defense discretionary spending. www.cbpp.org/...
My Bold. and the majority goes to the rich
Distribution of Tax Expenditure Benefits Differs Greatly, and Is Much Less Favorable to the Middle Class and Low-Incomes Families
The distribution of entitlement benefits stands in sharp contrast to the distribution of benefits for tax expenditures, which former Federal Reserve Chairman Alan Greenspan has called “tax entitlements.” The Tax Policy Center finds that under current tax policy:a
- The top fifth of the population receives 66 percent of tax-expenditure benefits (compared to 10 percent of entitlement benefits).
- The middle 60 percent of the population receives a little over 31 percent of tax-expenditure benefits (compared to 58 percent of entitlement benefits).
- The bottom fifth receives just 2.8 percent of tax-expenditure benefits (compared to 32 percent of entitlement benefits).b
- The top 1 percent of the population receives 23.9 percent of tax-expenditure benefits — more than eight times as much as the bottom fifth of the population, and nearly as much as the middle 60 percent of the population. www.cbpp.org/...
Senator Manchin is projecting on us what he himself is doing we can’t let him get away with it. The media has yet to call him out let alone the Democrats.
Perhaps they need a researcher? I’m working at an Amazon Warehouse now so I can be recruited! :)