The Senate Just Voted To Eliminate Retirement Protection For Low-Income Americans, Thank You Republicans!

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The GOP care very little for low-income Americans, and now they’re about to prove it. The Senate voted 50-49 to roll back an Obama-era regulation that made it possible for states to create retirement plans for workers whose employers do not have their plans. Essentially, working-class Americans would be able to afford a retirement plan.

But, according to Majority Leader Mitch McConnell, “Under the guise of helping more people save for the future, it undercut a system of private retirement savings that has served millions of Americans very well for decades,” and that “the end result would be more government at the expense of the private sector.”

His statements couldn’t make it any more obvious. The Republicans care more about banks and big businesses than they do about working-class Americans. At the least, it shows their ignorance about the lives of low-income Americans, assuming they can afford private retirement accounts. Elizabeth Warren attacked the Republicans, saying that, since the year began, they “haven’t put up for a vote … a single piece of original legislation to help working families.” Warren went on to expose the nature of the Republican Party: “For years, the Republican-controlled Congress has done nothing to help the 55 million Americans who don’t have an employer-provided retirement plan.”

Seven states started creating programs under Obama’s rule, and another 23 states were considering the program. Now, instead of helping the people that voted for them, the Republicans are dooming them to poverty as the country edges towards a “retirement crisis.”

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