Did Trump's fiscal-year 2018 budget cut Medicare and Social Security?
His fiscal-year 2018 budget (proposed in 2017) did not include proposed cuts to Medicare and Social Security, but would have made cuts to Social Security Disability Insurance, which would have affected nearly 10 million people.
How much will Medicare spending be cut from the budget?
The Committee for a Responsible Federal Budget does a nice job walking through the math, and concludes that the net reduction in Medicare spending would be between $515 billion and $575 billion, not $845 billion. The White House projects that total Medicare spending over the next decade will top $10 trillion.
How much will President Biden's fiscal year 2020 budget cut Medicare?
His fiscal-year 2019 budget (proposed in 2018) proposed massive cuts to Medicare, while his fiscal-year 2020 budget (proposed in 2019) proposed cutting more than $1 trillion from Medicare over a decade, and $26 billion from Social Security programs.
Is the Trump administration cutting Social Security disability insurance?
The Trump administration has been attempting to spin its proposed $64 billion in cuts to Social Security Disability Insurance as somehow not cutting Social Security . Some in the media have parroted the White House line.
How much money is Trump moving to Medicare?
To start, Trump is moving about one-third of the money--$269 billion —into a different section of the budget. He would not reduce spending for these two programs, which fund certain hospitals and medical education, he’d just shift them out of the Medicare account to somewhere else.
How much money would Medicare save?
The administration also claims Medicare would save about $30 billion from broad changes to medical malpractice laws.
Creating Fear That Will Discourage Enrollment In Health Coverage Programs
The Department of Homeland Security and the Department of State issued immigration rules in 2019 that will make it much more difficult for people with low or modest means to immigrate to the United States or for people already here to gain permanent resident status or extend or modify their temporary status.
A Vote For The Gop Tax Bill Is A Vote To Cut Medicare
Do you trust Paul Ryan to protect your Medicare benefits? How about White House budget director Mick Mulvaney, a former member of the House Freedom Caucus and, like Ryan, a longstanding foe of Medicare? If the just-passed House tax bill, its Senate counterpart, or some compromise of the two is signed into law, the enactment will put Medicares future in the hands of Ryan and Mulvaney..
Making It Harder For States To Finance Their Medicaid Programs
The Trump Administration proposed a rule in November 2019 that would make it harder for states to pay for their share of Medicaid costs. If finalized, the rule could require many states to change how they finance their Medicaid programs eliminating some financing options that have long been available to states.
No Service Cuts But The Trust Fund Took A Hit
Protecting Medicare was was one of Trump’s earliest campaign pledges. “Save Medicare, Medicaid and Social Security without cuts. Have to do it,” he said in his presidential campaign announcement speech.
Trumps Plan To Defund Social Security
Permanently terminating the employee payroll tax along the lines President Trump has proposed would empty Social Securitys trust fund by 2026 or earlier.
Democrats Say Latest Trump Budget Cuts Medicare But Its Not That Simple
Democrats didn’t wait long after President Donald Trump unveiled his budget for 2020 to call him out for cutting Medicare, a program he promised to leave untouched.
The Payroll Tax Funds Medicare And Social Security
The federal government imposes a 15.3% levy on wages known as the payroll tax. It’s evenly divided between employers and workers, and most of it goes to fund Social Security. It also helps to finance Medicare, the federal health insurance program for people over the age of 65 and for younger Americans with disabilities.
Fact check: 'Record' job gains still leave the U.S. labor market in worse shape than Great Recession
On the last night of his party’s convention, President Trump bragged about “record” job gains in recent months, but the 9.1 million jobs he touts come with some qualifiers.
Trump usually includes new material in major speeches. Not tonight
President Trump spoke for roughly 70 minutes on Thursday, one of the longest convention speeches in modern history.
Trump speech missing several of his favorite talking points
While President Trump launched attack after attack on Joe Biden, he left out a number of his favorite topics of criticism in his acceptance speech.
Fact check: Trump claims Biden wants to 'close all charter schools.' That's false
"Biden also vowed to oppose school choice and close all charter schools, ripping away the ladder of opportunity for Black and Hispanic children," Trump claimed on Tuesday night.
Fact check: Trump repeats out-of-context Biden comment to mislead on police stance
President Trump, arguing that Americans wouldn't be safe under Joe Biden, repeated a claim Mike Pence made Wednesday, quoting the former vice president as saying, "Yes, absolutely," as a response to whether he'd broadly support cutting funding for law enforcement.
Fact check: Trump boasts of delivering PPE early in pandemic, doesn't mention ongoing shortages
"We shipped hundreds of millions of masks, gloves and gowns to our frontline health care workers.
Trump mentions Kenosha, not Jacob Blake
Midway through his speech Thursday, Donald Trump mentioned Kenosha, Wisconsin — but did not make mention of Jacob Blake, who was shot seven times in the back by the city's police.
What did Pelosi and Schumer say about Trump's executive order?
In a joint statement, Speaker of the House Nancy Pelosi, a California Democrat, and Senate Minority Leader Chuck Schumer, a New York Democrat, warned that Trump's executive order would "endanger seniors' Social Security and Medicare.".
Do Democrats support Medicare expansion?
To the contrary, many Democrats currently support expanding Social Security and Medicare. Addressing the concerns on CNN's State of the Union on Sunday, Trump's economic adviser Larry Kudlow said the president was not trying to defund the programs. "He will protect Social Security and Medicare, as he has pledged to do many, ...
Does Trump have the power to rewrite the payroll tax law?
"President Trump does not have the power to unilaterally rewrite the payroll tax law. Under the Constitution, that power belongs to the American people acting through their members of Congress," Sasse said.
How is SSDI funded?
SSDI is funded by workers’ Social Security payroll tax contributions – just like retirement benefits. Qualifying disability beneficiaries must meet certain work history requirements, same as they do for retirement benefits. When SSDI recipients reach retirement age, they transition seamlessly into the Social Security retirement program.
Is the $64 billion cut in SSDI real?
Make no mistake: the $64 billion in SSDI cuts are very real – and would cause real pain for Americans with severe disabilities. These are people deemed by the Social Security Administration to be too disabled to work. The qualification requirements are stringent, and the cases dire.
When will Social Security be depleted?
Biden's campaign cited a letter written by the Social Security's Administration chief actuary from August 25 that said if the payroll tax is eliminated, without a replacement, the Social Security trust fund, "would become permanently depleted by the middle of calendar year 2023 ."
Did Trump propose eliminating payroll tax?
While Trump and the White House made conflicting statements about Social Security and payroll tax deferrals, the president never proposed eliminating them entirely. Trump would need approval from Congress to make any permanent changes to the tax system in the U.S.
Will Social Security go bankrupt in 2023?
That's Social Security. 'If in fact he continues his plan to withhold the tax on Social Security, Social Security will be bankrupt by 2023 with no way to make up for it.'. This is the guy who's tried to cut Medicare," Biden said during the debate.
