REPORTS: McSally Tax Law Boosts CEOs, Leaves Working Families Behind
To offset the tax law’s cost, McSally and her Washington GOP allies have proposed deep cuts to Medicare and AHCCCS
- “Very little growth in wage rates” for “ordinary workers.” A new report from the nonpartisan Congressional Research Service highlights that while powerful corporations have reaped huge tax breaks under the GOP law, “ordinary workers had very little growth in wage rates.”
- “C.E.O. pay increased at almost twice the rate of ordinary wages.” Meanwhile, an analysis from the New York Times has similarly found that while ultra-wealthy CEOs are making more money than ever — with the “median boss receiv[ing] compensation of $18.6 million” — American workers aren’t benefiting at the same level, such that “Compensation for top bosses grew at double the pace of ordinary workers’ wages.”
After voting for the law — which was at the time projected to send 83% of benefits to the richest 1% and powerful corporations like Pfizer and Exxon — McSally stood with her Republican colleagues’ push for deep cuts to programs like Medicare and AHCCCS to pay for their tax-cuts-for-billionaires law. Despite McSally’s openness to slashing the programs, 1,279,721 Arizonans count on Medicare, while AHCCCS covers 3 in 5 Arizona nursing home residents and 3 in 8 kids.