What if Trump's Medicare cuts actually worked?
Medicare is an enormous program, anticipated to rise from 15 percent of federal spending as of 2017, to 18 percent as of 2028. If Trump's Medicare cuts actually passed (which they won't), and if they actually worked as advertised, that would be a big deal.
Did president Trump's 2020 budget cut Medicare by $845 billion?
If you add up the proposed Medicare changes in President Trump’s 2020 budget, it looks like he would cut the program by $845 billion over the next decade.
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.
Did Biden chastise Trump for cutting Medicare?
While Democrats criticize Trump for cutting Medicare, Obama regularly offered his own version of steps to rein in the growth of Medicare. In his last budget, Obama proposed trimming spending by about $420 billion over 10 years. In effect, Biden is chastising Trump for something close to the budget he was part of.
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.
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.
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.
Who is the director of the Trump budget?
Trump’s budget director, Mick Mulvaney, released the president’s federal budget proposal in February. The plan was met with little fanfare because Congress had already passed a two-year spending deal a few days earlier, making the presidential blueprint largely irrelevant.
Why was the Trump budget plan met with little fanfare?
The plan was met with little fanfare because Congress had already passed a two-year spending deal a few days earlier, making the presidential blueprint largely irrelevant. Like any other budget proposal, Trump’s showed where he wanted to spend money and where he didn’t.
Did Obamacare include reimbursement?
The same idea was included in Obamacare. The law included lower reimbursement rates for providers — something Republicans criticized as a cut at the time.
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.
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.
How much did Trump cut Medicare?
The Trump budget "cuts $845 billion, almost a trillion dollar cut in Medicare."
How much money will Medicare spend in 2029?
The administration would spend $9.398 trillion on Medicare between 2020 and 2029. But the White House predicts that the government would have spent $10.244 trillion in the same time frame. The difference is $846 billion.
What did Biden call the cut?
Biden pushed the numbers even further by calling it an "almost a trillion dollar cut."
Do Democrats want to tax retirement funds?
Democrats “want to tax your retirement funds to pay for their new trillion dollar power grab.”
Do all proposed cuts land on providers?
It’s important to note, though, that not all of the proposed cuts land on providers.
Does the Trump budget increase every year?
The reality is, program spending rises every year in Trump’s budget, except for the last one in 2029 (which is mainly a fluke of timing related to when Medicare pays its bills).
