Dear Katy, The House of Representatives recently rejected a dangerous bill that would have forced automatic cuts to Social Security, Medicare, Medicaid and more.1 Now, Senate Majority Leader Mitch McConnell is promising a vote in the Senate on this very same so-called balanced budget amendment (BBA). If the bill passes the Senate, it could embolden extremists in the House to bring the bill up for another vote. This amendment would jeopardize our retirement security and the security of veterans, people with disabilities, children and surviving spouses.2 That's why we're joining our friends at Americans for Tax Fairness for an urgent campaign to stop it. Tell the Senate: Stop the attack on Social Security. Reject the so-called balanced budget amendment. Click here to sign the petition. Republicans have already tried unsuccessfully to cut trillions from our earned benefits and other critical services to pay for their massive tax breaks for the rich and corporations. This BBA is a dangerous underhanded attempt to enshrine those cuts into our Constitution. This political stunt by Republican leaders threatens the financial and retirement security of millions of Americans. Social Security has a $2.9 trillion surplus. This is the American people's money and not part of the federal budget. But if this amendment passes, it would prevent Social Security from using that surplus to pay benefits, leading to massive cuts. Stand with CREDO and our friends at Americans for Tax Fairness and sign the petition to demand that the Senate reject the so-called balanced budget amendment that would cause automatic cuts to Social Security, Medicare and Medicaid. Click the link below to sign the petition: https://act.credoaction.com/go/22340?t=7&akid=28567%2E12967895%2El8b2gI Thanks for everything you do. Josh Nelson, Co-Director CREDO Action from Working Assets Add your name: - Eliza Collins, "House fails to advance a balanced budget amendment to counter high spending levels," USA TODAY, April 12, 2018.
- Seth Hanlon and Alex Rowell, "The Balanced-Budget Amendment Threatens Americans' Health Care, Social Security, and Jobs," Center for American Progress, April 11, 2018.
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