The nonpartisan Congressional Budget Office said in an Aug. 20 report that President Donald Trump’s recently enacted tax-and-spending package will raise federal deficits by about $3.4 trillion over the next decade. Because the 2010 PAYGO statute mandates across-the-board spending reductions when legislation enlarges the deficit, Medicare could face up to $491 billion in payment cuts between 2027 and 2034 unless Congress waives the requirement. Democratic lawmakers condemned the projections, branding the measure the “Big, Ugly Bill” and warning that the automatic sequestration would jeopardize health care for seniors, low-income families and veterans. Party leaders said they will seek legislation to protect Medicare, Medicaid and Veterans Affairs programs from any reductions. Republican supporters argue the law’s tax cuts will stimulate economic growth and note that it includes $50 billion for rural hospitals. Congress has historically acted to defer PAYGO cuts, and it would need bipartisan agreement to do so again before the first round of reductions is scheduled to take effect.
The Big Ugly Bill makes the most significant cut to Medicaid in American history, hurting members across our community. Cierra from Bonney Lake shared how Medicaid is a lifeline for her family and how these cuts will impact their access to healthcare. Read more about what she had https://t.co/IdnAootaow
The cost of living is too high and yet, Republicans are cutting health care and food assistance—leaving people to fend for themselves. Trump and Republicans promised to make life better for everyday Americans. They're failing.
Trump’s plan for working families? Higher costs and fewer choices. While billionaires keep their perks, everyday Americans get stuck with higher bills. The people deserve an economy that works for them—not just the wealthy. https://t.co/zWoOxIzQf7