To pay for ~$4.5 trillion in tax cuts for rich people and powerful corporations, djt proposes a mandatory $2 trillion cut in Medicaid. djt endorsed a House bill that breaks his promise to never touch Medicaid. House Republicans proposed a budget plan that raises the debt ceiling by $4 trillion and includes $4.5 trillion in tax cuts for the wealthy. The compulsory Medicaid cut will make health care more expensive, probably inaccessible for large swathes of America. $2 trillion cut spread over 10 years. As recently as a few days ago, djt said he wouldn’t make cuts to Medicaid. Oops.
According to one poll, about 38% of djt voters or a family member are on Medicaid. The data indicates that Red states will generally be hardest hit. So, some low income folks will be losing their health insurance. Maybe a lot of them. It will be interesting to see what reaction, if any, there is from the rank and file and Republicans in congress. They can always blame the Joe Biden crime family, Hillary, Benghazi, missing emails and Hunter's laptop, Jewish space lasers, windmills, brain worms, . . . . . . .
According to one poll, about 38% of djt voters or a family member are on Medicaid. The data indicates that Red states will generally be hardest hit. So, some low income folks will be losing their health insurance. Maybe a lot of them. It will be interesting to see what reaction, if any, there is from the rank and file and Republicans in congress. They can always blame the Joe Biden crime family, Hillary, Benghazi, missing emails and Hunter's laptop, Jewish space lasers, windmills, brain worms, . . . . . . .
As usual, Republicans trot out their classic “trickle-down” economics bullshit. They shamelessly lie to us. Repubs tell us their proposed budget is soooo good for all of us, but it really isn't. What a fracking insult.
House Republican Steve Scalise blithered, “There will be a lot of economic growth. And if you think about what happened in 2017—dramatic economic growth, possibly even more this time.” Really Steve?? Lying Repubs need to come up with something better than just gaslighting us.
A history bit
The Reaganomics (1981-1986) tax cuts in the Economic Recovery Tax Act of 1981 significantly lowered tax rates. That led to an unprecedented $1.3 trillion budget deficit. Since 2000, tax cuts reduced federal revenue by trillions, mostly benefitting the wealthy. From 2001 through 2018, tax cuts reduced tax revenue by $5.1 trillion. About two-thirds of that went to the top 20%, while deficit increased by ~$5.9 trillion. By the end of 2025, the tax cuts are projected to be ~$10.6 trillion. Nearly $2 trillion of this will have gone to the richest 1 percent. By then, the total impact on the deficit is projected to be ~$13.6 trillion, including interest payments.
Wheeee!! It works!!
(for the rich)
