With the recent Republican debates, it appears that America's middle class will lose financially if any of these candidates win. Here's why.
If you are on Medicare, Medicaid or the Affordable Care Act (Obamacare), the Republican plan is to privatize these programs or cancel them completely. That really worked well when the Bush administration instituted Part D for drugs and the price of even some generic drugs increased because the price of drugs cannot be negotiated with the drug companies. Americans pay 2 to 3 times more than other countries for the same drugs.
Another program targeted by conservatives is the privatization of Social Security, either partially or fully. This would mean that your investments could be influenced by "Wall Street" manipulators. In 2008 and 2015, your IRA tanked because of profit-taking by the same people that would be managing your money.
Jeb Bush released his tax plan hurting the middle class and helping the wealthy. According to Citizens for Tax Justice, the Bush plan would give 53 percent of the tax cuts to the top 1 percent. In addition he wants to eliminate the estate tax and reduce the corporate income tax.
Lastly, they seem to be against middle class labor unions generally and specifically against teacher and government unions. As an example, Boeing union workers in Seattle earn about 23 percent more than S.C. Boeing nonunion workers. Historically, unions have helped all workers.
Philip W. Wolfe