Stephen A. Crockett Jr., NewsOne
The bill would extend tax cuts from 2017 and would include Trump’s 2024 campaign promises not to tax tips, Social Security, and car interest loans. There would also be a larger deduction, $32,000 for couples, a boost to the Child Tax Credit, and a $30,000 cap on state and local tax deductions.
“That’s offset by $1.9 trillion in savings largely from the rollback of green energy tax credits, for a net tally of $3.7 trillion in costs over the decade, according to the most recent estimates — along with billions more in savings from the safety net cuts,” AP reports.
Oh, and there would be some $350 billion to fund Trump’s mass deportation plans and the Pentagon.
And to be able to do this, Republicans are looking to cut some $800 billion over the next 10 years to the Medicaid health care program, “which is used by 70 million Americans. These Medicaid cuts would result in more than 13 million people losing their health insurance. $290 billion to food aid in the Supplemental Nutrition Assistance Program, known as SNAP; and others,” AP reports.
Speaker Mike Johnson has already claimed that he wants this bill pushed through by Memorial Day, sending it to the Senate, where Republicans are working on their own version. Johnson has been given the reins to create a bill that can get the 218 votes needed to pass the House, but good luck with that.
The bill was blacked in the House Budget Committee last week, when four conservative Republican House members voted against the bill, because it did not cut the social safety net fast enough and soon enough to suit them. In a special Sunday night session, these representatives were promised additional unspecified concessions and voted the bill out of committee.
Senators of rural states, many of them are Republicans are concerned that the bill, as it stands, would leave many of their constituents without healthcare, or forced to pay more.
“Sen. Josh Hawley (R-Mo.) said he’s fine with the new work requirements and antifraud provisions that House Republicans have proposed for Medicaid, but he raised concerns about their “cost-sharing” proposal, which he said would make ‘beneficiaries pay more.’”
“These are working people in particular who are going to have to pay more,” Hawley told the Hill. “The provider tax in particular, that could have a big impact in my state and lead to reduced coverage, so I’ve got some concerns. I think we need to look really, really carefully at that. I continue to maintain my position that we should not be cutting Medicaid benefits,” he said.
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