Or am I just exaggerating like most Republicans do when they scream socialism and China at everything?
I understand what you are implying (or think I do) but neither are actually socialism. The right tend to call things like Medicare "socialism" even though not only are they not really socialistic but the people decrying them are often getting benefits from what they complain of.
Tax cuts and shelters are just legal means to allow people benefitting from social spending to continue to benefit while paying less, while their fellow citizens pay the same, or even more. That's why "conservatives" like Reagan or Goldwater want the tax base to be as broad as possible, so everyone "has skin in the game" as Obama put it. The rub comes from the fact that the left wants the richer to pay a greater % while the right sometimes concedes that progressive taxes are good, but then like Moscow Mitch use the dark of night to cover up tax cuts that provide greater benefit per citizen to those with more money.
Medicare is not socialism. IF you live in Fla or Ariz retirement communities, likely your doctor will treat you with the same stuff you'd get in NYC, but for a lot less. Medicaid might sort of be more like real socialism because pretty much every doc gets what the state says he gets per procedure …. but not everybody is on Medicaid. Obama's Medicaid expansion was one reason I didn't like Obamacare. But to be fair, gop pols are pretty open to expanding Medicaid so long as they can levy taxes on consumers of booze and smokes and stuff like that.