Immediate PAYGO sequester cuts to Medicare, plus eradication of programs like the Social Services Block Grant that help people in need of LTSS stay in their homes. They are also balking at CHIP and extender funding, claiming pay-for issues tied to the tax bill.
But what I assumed John Mace was referring to was the deficit impact and the threat to large health care programs. The Republicans have already stated that they intend to come back to cut Medicare and Medicaid (and Rubio says Social Security) in order to reduce the deficit that they are adding to.
The Republicans are also considering sun-setting the individual and family tax cuts a year earlier to help offset the costs. Enjoy them while they last, I guess.
This is inartfully phrased at best, misleading at worst. Better to say that the tax bill is having some widespread implications for lots of health-related legislation.
The frustrating thing about this is that many if not most of the people who vote for this thing will believe that those tax breaks will never sunset.
Which means that they know that the deficit effects are understated and partially hidden by this gimmick. But they’ll vote for it and claim to care about things like government spending.
Oh, don’t forget that they want to sharply increase military spending but decrease NDD spending. Because budgets.
Well that’s great! I don’t currently own a private jet, but I might one day. So I whole-heartedly support this tax bill!
I also don’t fall into the highest tax bracket, but one day I might, so I’m glad they reduced it!
Deficit and debt are only troubling when a Democrat is in office, so right now they don’t concern me.
The amount of money spent to bomb brown people in caves thousands of miles away is necessary to maintain our country’s security. It’s way more important to bomb people that are no threat to our nation than it is to provide health care to our country’s poorest children, so again, the tax cut is awesome.
“Hey, Marco Rubio got y’all $300 more bucks! WOOHOO! What a guy! Never mind how much he just gave to those rich folks, YOU got $300! It’s a great day FOR YOU!”
:rolleyes:
Looks like this is a done deal now, folks. For how long will we all have to live with it?
Corker’s now a yes. Guess that takes care of that.
Sure seems like they gave in on a lot of revenue stuff to get there. I think the only things that moved on the cut side was moving from 20 to 21% corporate tax rate (but they’re implementing it a year earlier), and the estate tax. Fells like it’s gotta be out of balance.
I read or heard somewhere that this has to be scored by the (CBO?) or some other entity to make sure it can be passed by reconciliation. Is that true, or don’t I know what I am talking about?
They said in the reconciliation instructions that they could increase the deficit by up to $1.5 trillion. If they go above that, they cannot use reconciliation to do it.
My understanding, which may be flawed, is that they need to ask JCT whether they are under the $1.5 trillion and get updated tables OR that they need to have the budget chair (Mike Enzi) say they are under the $1.5 trillion.
