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Biden’s Higher Taxes Will Starve Social Security, Medicare

President Joe Biden arrives to speak about his administration's plans to protect Social Security and Medicare and lower healthcare costs, Thursday, Feb. 9, 2023, at the University of Tampa in Tampa, Fla. (AP Photo/Patrick Semansky)

Newt Gingrich:

  • Anyone who wants to protect Social Security and Medicare should reject President Joe Biden’s newly released budget.
  • The reason is simple: Biden’s proposed tax and regulatory increases would crush the economy. Undermining economic growth would lead to dramatically lower tax revenues – including revenues for the FICA tax – the primary funder of Social Security.
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