Former Congressman Frank Guinta affirmed that he still plans to cut seniors’ benefits in an interview with the Concord Monitor last week, saying that “Republicans are going to want” to adopt a benefit-cutting measure, Chained CPI, in the next Congress.
“New Hampshire seniors beware: Frank Guinta has a plan to cut your earned benefits,” said Shea-Porter spokeswoman Marjorie Connolly. “Instead of ending tax breaks for Big Oil and huge corporations, Guinta would balance the budget on the backs of our seniors. His extreme Tea Party platform would not only punish seniors, but also the hardworking Granite Staters who pay into this system with the expectation that their earned benefits will be there when they need them.”
Disturbing facts about Guinta’s benefit-cutting proposal to adopt Chained CPI:
- Guinta’s proposal would hit beneficiaries harder as they age.
- Since women live longer than men and the cuts accelerate over time, women would be hit especially hard.
- Under Guinta’s proposal, a senior who retires at 65 would lose almost $14,000 by age 85, and $28,000 by age 95.
- By the time retirees reach 85, their benefits would be cut by an average of $1,147 per year.
- A 92-year-old would lose an entire month’s income from his or her annual benefits.
- Guinta’s proposal would cut almost 14 weeks’ worth of food from a 75-year-old’s budget, and almost 24 weeks of food from an 85-year-old’s budget.
- Even Guinta’s hyper-conservative pal Grover Norquist opposes the proposal, saying that it’s “a very large tax hike over time.”
Unlike Guinta, Carol Shea-Porter opposes the benefit-cutting chained CPI proposal, and successfully fought to eliminate it from President Obama’s budget proposal.
But wait there is more!
In the interview with the Concord Monitor Guinta stated “he’d oppose any measure to eliminate student loan debt and saddle taxpayers with that cost instead.” The current proposal by Senator Warren and co-sponsored by Sen. Shaheen would allow students to refinance their federal student loans. This does not shift the burden to the taxpayers, it stops the government from collecting over $60 billion in profits off the backs of our college students.
Guinta is still denying climate change science that has the support of 97% of the scientific community. “I’m not sure the science is accurate or complete on this issue.” As a politician who has received major funding from the Big Oil and the Koch Brothers he would know better than 97% of the scientific community.
Guinta also wants to repeal the Affordable Care Act. “Guinta said he would vote to repeal it, but he does support the provisions that protect people with pre-existing conditions and that allow people to stay on their parents’ health plans until age 26.” Of course he wants to keep the part that has unmatched support by both sides. Even though Frank Guinta wants to repeal part of the law, and keep part of the law, the Republicans in the House have not submitted any legislation to do that. They continue to waste our taxpayer dollars voting for a repeal that will never get passed the Senate or the President who signed the bill.
The ACA is working. It is saving the government money, including the $600 million in savings from Medicare alone. The NH Department of Insurance just announced that over 20,000 people have signed up for healthcare who did not previously have any coverage. So again the ACA is not perfect but it is working. We need to make it better not destroy it completely. If Congressman Guinta wants to repeal it so bad, he should be the one to tell the 20,000+ people who got healthcare for the first time, that he is taking that away from them to ensure that millionaires and billionaires continue to pay less in taxes than average Americans.