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Republicans reportedly ready to cut Medicaid funding to pay for Trump plans | Republicans
Republicans are reportedly prepared to cut Medicaid funding to pay for Donald Trump’s promised crackdown on immigration and to fund tax cuts that would mostly benefit the wealthy.
The GOP in the House and Senate have floated a series of ideas – many of which would target lower-income Americans – to cover the cost of extending tax cuts passed by Trump in 2017, the New York Times reported.
Among the proposals is a plan to reduce access to Medicaid, the government scheme which provides health insurance to low-income Americans, in a move which would cause 600,000 people to lose access to healthcare.
Trump has touted the 2017 Tax Cuts and Jobs Act as a key achievement of his first term. The legislation, which reduced the top corporate income tax rate from 35% to 21%, is set to expire at the end of 2025, and the non-partisan Congressional Budget Office has estimated extending it would add $4.6tn to the deficit.
On the campaign trail Trump repeatedly promised to make the 2017 tax cuts permanent, but with the 2025 deadline looming, Republicans are scrambling to find a way to fund that pledge – along with the money required for Trump’s desired crackdown on immigration.
Along with the Medicaid cut, which would introduce work requirements that would effectively strip 600,000 people of their healthcare coverage, Republicans are considering ending Medicaid for non-US citizens, and repealing Biden-era tax credits which are designed to reduce health costs, the New York Times reported.
A 50-page document being circulated among congressional Republicans also proposes taxing income from scholarships and fellowships, rolling back climate change efforts passed under the Biden administration, and raising taxes on people who can use a free gym in the workplace.
Another proposal outlines changes to the Affordable Care Act, commonly known as Obamacare, which would reduce coverage for some lower-income Americans, Newsweek reported.
The Urban-Brookings Tax Policy Center reported in July that households making about $450,000 or more would receive nearly half of the benefits of the extended tax cuts. The median household income in the US is $80,610, and 95% of American households make less than $400,000 a year.
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Biden had promised to extend the tax cuts only for families making $400,000 or less a year.
in Congress are reportedly considering cutting Medicaid funding in order to pay for President Trump’s proposed plans. This move has sparked outrage among Democrats and advocates for low-income Americans, who argue that cutting Medicaid would harm the most vulnerable members of society.
The proposed cuts to Medicaid come as part of a larger effort by Republicans to offset the costs of Trump’s ambitious agenda, which includes tax cuts, military spending increases, and infrastructure investments. Medicaid, which provides healthcare coverage to low-income individuals and families, is a major target for budget cuts due to its high cost.
Critics of the proposed cuts argue that slashing Medicaid funding would leave millions of Americans without access to essential healthcare services, including preventive care, prescription drugs, and long-term care. They also warn that cutting Medicaid would disproportionately affect vulnerable populations, such as children, the elderly, and people with disabilities.
Republicans argue that reducing Medicaid spending is necessary to rein in the federal budget deficit and ensure the long-term sustainability of the program. They also claim that cutting Medicaid funding will encourage states to find more efficient ways to deliver healthcare services to low-income residents.
As the debate over Medicaid funding continues to intensify, it remains to be seen how Congress will ultimately address the issue. Advocates for low-income Americans are urging lawmakers to prioritize the needs of the most vulnerable members of society and protect Medicaid from drastic cuts.
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