A July 4 email from the Social Security Administration claimed that Congress had eliminated federal income taxes on Social Security benefits, when it had not

This post has been republished from Professor Patricia McCoy’s Substack. Her new book, “Sharing Risk: The Path to Economic Well-Being for All,” is available from The University of California Press.

During last year’s presidential race, President Trump declared: “Seniors should not pay taxes on Social Security and they won’t,” according to CBS News. This promise to end income taxes on Social Security benefits was the single most popular economic proposal of either candidate, according to an ABC News/Ipsos Poll conducted about a month before the election. In fact, voters were so enthralled with his idea that 85% of people polled approved.

New Medicaid red tape and the loss of expanded Obamacare subsidies stand to hurt 93 million households

This post has been republished from Professor Patricia McCoy’s Substack. Her new book, “Sharing Risk: The Path to Economic Well-Being for All,” is available from The University of California Press.

In 2033, the Old-Age and Survivors Insurance In H.R. 1, passed on July 4, Congress saddled Medicaid participants with new red tape, while allowing expanded subsidies for Obamacare premiums to lapse at the end of this year. When those changes take effect, they will affect all Medicaid participants (71 million at last count) and 92% of Obamacare policyholders (another 22 million). Together, this is far more than half of the number of people who voted in the latest Presidential election and suggests that the Republican majority in Congress will alienate voters.