Will Trump's budget protect Medicare and Social Security?
His budgets have sought cuts. President Trump vowed Thursday that he “will protect Medicare and Social Security” — a promise akin to one he made as a candidate in 2016. But throughout his first term, he repeatedly tried to cut these programs in his proposed budgets.
Will Republicans cut Social Security and Medicare after tax cuts pass?
Marco Rubio Makes It Clear: Republicans Will Cut Social Security And Medicare After Tax Cuts Pass
Will Marco Rubio cut Social Security and Medicare funding?
In an interview with Politico this past week, Republican Senator Marco Rubio made it painfully clear that his Party intends to cut Social Security and Medicare funding in the months to come, after they end up passing their corporate tax cuts, of course.
What did Trump say about Biden’s Medicare plan?
Trump criticized Biden's plan, saying that "he's talking about destroying your Medicare," which was met by the former vice president saying that Trump is "a very confused guy." "The idea that we're in a situation that is going to destroy Medicare...
How much will Medicare cost in 2020?
Hence the need for a follow-up fix. Medicare cost about $776 billion in 2020. The waiver bill would save $36 billion in cuts from pay-go as well as another estimated $10 billion in cuts under a 2011 budget law pushed by Republicans.
How many votes does the Senate have to pass the 2017 tax cut?
Both the 2017 tax cut bill and the latest fiscal stimulus bill were passed using a process called budget reconciliation, which allows bills to clear the Senate with 51 votes. But because that process prohibits anything in those bills that doesn’t have a budget effect, pay-go waiver language can’t be included.
Why is the pay go law bipartisan?
Waiving the pay-go law often has bipartisan support, in part because of the popularity of Medicare and lawmakers’ fears that a vote against a waiver will be described as a vote against Medicare. In 2017, Republicans needed a waiver to keep their $1.9 trillion tax cut from also triggering Medicare cuts, to which Democrats agreed.
What is a positive balance in the 2010 budget?
A positive balance – an increase in either of the two scorecards – triggers an across-the-board spending cut the next year. That can be avoided, though, by waiving pay-go for legislation that created the balance or simply resetting the scorecards to zero.
Why did Obama create the pay as you go law?
The pay-go law – which differs slightly from House and Senate rules also requiring pay-as-you-go financing – was created at the same time as the Simpson-Bowles budget commission as part of an effort by Obama and Democrats to respond to Republican criticisms of the rising national debt.
When did Obama start paying as you go?
In February 2010, then-President Barack Obama touted his new pay-as-you-go budget law.
Did Democrats support the pay go waiver?
Democrats, who supported the pay-go waiver in 2017 even as they opposed the tax cuts, hope Republicans will go along with them this time, even though Republicans opposed the latest fiscal stimulus.
Who cosponsored the Medicare for All Act?
Elizabeth Warren cosponsored the Medicare for All Act of 2019. According to a press release on Warren's Senate website, "The Medicare for All Act of 2019 would ensure that Americans could get the care they need, when they need it, without going into debt. It would empower the federal government to negotiate prices with drug companies. And it would expand coverage to include home- and community-based long-term care services, ensuring people with disabilities can receive the care they need to stay in their homes and remain part of their communities."
What has Donald Trump done to improve health care?
Donald Trump's campaign website says, "President Trump has worked to improve access to affordable quality health care. As part of the landmark Tax Cuts and Jobs Act President Trump repealed the individual mandate, which forced people to buy expensive insurance and taxed those who couldn’t afford it. President Trump signed a six-year extension of CHIP to fund healthcare for 9 million. President Trump has mobilized his entire administration to address drug addiction and opioid abuse by declaring the opioid crisis a nationwide public health emergency." [source]
What does Joe Biden propose?
Joe Biden proposes protecting and building on the Affordable Care Act instead of switching to a Medicare for All system.
What is Kamala Harris' campaign?
Kamala Harris' campaign website says, "Right now , the American health care system costs too much and allows insurance companies to run the show. Kamala believes health care should be a right, not a privilege only for those who can afford it. That’s why she has a plan for Medicare for All that will guarantee coverage for every American, lower health care costs, allow a choice between private and public Medicare plans and force insurance companies to play by our rules."
How can we improve the health care system?
Castro responded to a New York Times survey saying, "The best way to improve the health care system is to provide Medicare for all, with an option to choose either a complimentary or supplementary private insurance." He also said, "An expanded Medicare program should be financed mostly through a restructured tax code. Premiums and co-payments may still exist, but my proposal will prioritize keeping these payments low. I would support repealing the Trump tax plan and replace it with one that asks corporations and the wealthiest elite to contribute their fair share." He also said he supported the importation of prescription drugs from other companies and allowing Medicare to negotiate drug prices. [source]
What is Pete Buttigieg's plan?
Pete Buttigieg's campaign website says, "Through Pete’s Medicare for All Who Want It plan, everyone will be able to opt in to an affordable, comprehensive public alternative . This affordable public plan will incentivize private insurers to compete on price and bring down costs. If private insurers are not able to offer something dramatically better, this public plan will create a natural glide-path to Medicare for All. The choice of a public plan empowers people to make their own decisions regarding the type of health care that makes sense for them by leveling the playing field between patients and the health care system."
Why is health care so expensive?
Jo Jorgensen's campaign website says, "Republican and Democratic policies over the past fifty years are the reason health care has become so expensive. Their latest proposals to ‘fix’ health care will further micromanage your doctors and restrict your access to care while failing to solve the underlying problem. They differ only on whether this should be done by private insurance companies or government bureaucrats. This is the exact opposite of what needs to be done. We can reduce the cost of health care 75% by allowing real price competition, and by substantially reducing government and insurance company paperwork. This will make health care affordable for most Americans, while also reducing the cost of legacy programs like Medicare, Medicaid, and the VA.” [source]
Who is the Republican who slashed Social Security?
Robert Reich explains the longtime Republican plan to slash Social Security, Medicare and Medicaid.
How many people would lose health insurance?
Lawrence O’Donnell talks to Ezra Klein about the “catastrophic” CBO report – which estimates 22 million people would lose health care coverage – and GOP Rep. David Jolly shares his personal story of what happened when he found himself unemployed and uninsured. (June 26, 2017)
How much debt did the Bush administration have?
Under president Bush, Republicans ran up a huge debt of 10 Trillion Dollars. Now, they want to balance the budget on the backs of the poor and middle class, by cutting food stamps, social security, medicare and medicaid while refusing to cut military spending.
What do Paul Ryan and Republicans want to do?
Paul Ryan and Republicans want to give tax breaks to the rich and make the middle class & the poor pay for those tax breaks by increasing their taxes AND cutting Social Security, Medicare, and Medicaid.
Did the Senate GOP draft a secret health care bill?
Senate GOP drafted a secret, partisan health care bill behind closed doors, refusing any meaningful bipartisan input on the bill and refusing to hold any hearings on this legislation that would impact one sixth of our economy. Senate Democrats today urged the GOP to reverse course on this tactic and release to the public the legislation that would impact the health and bottom lines of millions of Americans. (Jun 13, 2017)
Will Trump cut Medicare?
Despite Trump’s promises NOT to cut Medicare, Medicaid & Social Security, that is exactly what he intends to do IF he is re-elected in 2020.
Did Democrats succeed in keeping the benefit cuts out of the short term fiscal cliff?
Democrats in Congress succeeded in keeping these devastating benefit cuts out of the short-term “fiscal cliff” deal. Unfortunately, important leverage was also lost. Washington’s well-financed anti-entitlement lobby continues to pretend that “shared sacrifice” means that if a millionaire loses a tax break (which he or she doesn’t need and America can’t afford) then the middle-class and poor must also pay more for or risk losing their health care benefits in Medicare and Medicaid. [Source: http://ncpssm.org/EntitledtoKnow/entryid/1962/Cutting-Medicare-Medicaid-Social-Security-in-the-113th-Congress]
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.
Taking Scissors To Safety Net
That sinking feeling youll get if Donald Trump is elected to a second term will be caused by plummeting through the hole in your safety net. The one he plans on cutting.
What This Means For You
Trumps budget would trim spending by about $45 billion on Social Security Disability Insurance and Supplemental Security Income, a program for disabled children and adults, by promoting return-to-work programs, according to the nonpartisan Committee for a Responsible Federal Budget.
Is Trump Cutting Medicare Benefits
Medicare was signed into law in 1965 by President Lyndon B. Johnson. In the 54 years since, Medicare benefits and eligibility have seen many changes. Many of these changes have been to expand the program, not to cut it.
How Will Cuts To Medicare Benefits Affect Me
You might imagine that cuts to Medicare benefits mean that fewer services will be covered and youll have to pay more out of pocket. Rather, according to Forbes, the proposed cuts would affect Medicare providers with little direct effect on beneficiaries.
Is The Supply Chain Crunch Causing You Concern Now About Holiday Gift Buying
President Trump is proposing to balance the federal budget within 15 years, shrink the federal government and extend food stamp work requirements to Medicaid and housing programs in a $4.8 trillion spending plan being released Monday.
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.
Imposing Premiums On People In Poverty
The Trump Administration has also given states unprecedented authority to require people in poverty to pay premiums for their health coverage, in spite of extensive research showing that premiums significantly reduce low-income peoples participation in health coverage.
What did Trump say about Biden's plan?
Trump criticized Biden's plan, saying that "he's talking about destroying your Medicare," which was met by the former vice president saying that Trump is "a very confused guy."
What were Biden and Trump asked about?
During the final presidential debate on Thursday, Democratic candidate Joe Biden and President Donald Trump were asked about their healthcare plans when they began discussing Social Security.
What was Joe Biden asked about during the debate?
During the final presidential debate on Thursday, Democratic candidate Joe Biden and President Donald Trump were asked about their healthcare plans when they began discussing Social Security.
Did Trump propose eliminating Social Security?
While Trump and the White House made conflicting statements about Social Security and payroll tax deferrals, the president never proposed eliminating them entirely.
Did Trump want to eliminate payroll taxes?
The White House sought to clarify Trump's comment shortly after, saying that the president doesn't want to entirely eliminate payroll taxes, and instead wanted to allow the Treasury Department to delay collection of payroll taxes that fund Social Security and Medicare, which was issued in an executive order after congress failed to renew a COVID-19 relief bill.
Did Newsweek reach out to Biden?
Newsweek reached out to Biden and Trump's campaign for comment but did not receive a response in time for publication.
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.
