House Republicans unveil Medicaid cuts

Politruk

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House Republicans unveil Medicaid cuts

WASHINGTON -- House Republicans unveiled the cost-saving centerpiece of President Donald Trump'sbig, beautiful bill ” late Sunday, at least $880 billion in cuts largely to Medicaid to help cover the cost of $4.5 trillion in tax breaks.

Tallying hundreds of pages, the legislation is touching off the biggest political fight over health care since Republicans tried to repeal and replace the Affordable Care Act, or Obamacare, during Trump's first term in 2017 — which ended in failure.

While Republicans insist they are simply rooting out “waste, fraud and abuse” to generate savings with new work and eligibility requirements, Democrats warn that millions of Americans will lose coverage. A preliminary estimate from the nonpartisan Congressional Budget Office said the proposals would reduce the number of people with health care by 8.6 million over the decade.

“Savings like these allow us to use this bill to renew the Trump tax cuts and keep Republicans’ promise to hardworking middle-class families,” said Rep. Brett Guthrie of Kentucky, the GOP chairman of the Energy and Commerce Committee, which handles health care spending.

But Democrats said the cuts are “shameful” and essentially amount to another attempt to repeal Obamacare.
 
That should please the democrats. They love paying taxes. :)
True with Democrat politicians, but most Democrat voters prefer to see taxes imposed on people other than themselves. Many of them would be shocked to see their standard deduction cut in half and their marginal rates rise. And quite a few would be even more shocked to find themselves paying the Alternative Minimum Tax.
 
True with Democrat politicians, but most Democrat voters prefer to see taxes imposed on people other than themselves.
Democratic voters would like to see wealthier incomes pay proportionately more in income tax.

Many of them would be shocked to see their standard deduction cut in half and their marginal rates rise.
And you base this on what?

And quite a few would be even more shocked to find themselves paying the Alternative Minimum Tax.
Nonsense.
 
Democratic voters would like to see wealthier incomes pay proportionately more in income tax.


And you base this on what?


Nonsense.
The US has a very progressive income tax system. The top 1% contribute about 40% of the tax revenue. The top 10% contribute about 76%. The bottom 50% contribute about 3%. The system is even more progressive today than it was before the TCJA was passed.

About 90% of US taxpayers take the standard deduction. Most people, regardless of party affiliation from would not like to see that cut in half. Most people would also not like their marginal tax rates increased either.
 
Trump’s tariffs are the largest tax hike since the 1960s. 👍

MAGA sheep apparently love bigly new taxes.
Yes, I oppose tariffs because they are a tax on imported goods. Trump’s tariffs would represent a very large tax hike if they stick. Market indexes indicate a sentiment that such a scenario is looking less and less likely.
 
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