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speak easy

(10,514 posts)
Mon Nov 18, 2024, 10:18 PM Monday

Trump team considers cuts to Medicaid and Food Stamps to fund tax cuts.

Trump advisers contemplating cuts to Medicaid and other welfare programs

Donald Trump’s economic advisers and congressional Republicans are discussing possible cuts to Medicaid, food stamps and other government welfare programmes to cover the costs of extending the president-elect’s multitrillion-dollar 2017 tax cut.

The cuts could mean new work requirements and spending caps, according to the Washington Post, citing sources involved in the talks, including aides in Trump’s transition team.

Extending the tax cuts – most of which are due to expire next year – could add $4tn to the national debt, which already stands at $36tn.

But Republicans fear triggering a political backlash by slashing programmes that serve an estimated 70 million Americans to pay for a tax cut that disproportionately benefits the wealthy.
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jimfields33

(18,905 posts)
1. The wealthy's tax cuts don't expire. They were signed into law permanently.
Mon Nov 18, 2024, 10:25 PM
Monday

The working class only had a sunset clause. How many times has that been mentioned?

speak easy

(10,514 posts)
3. So?
Mon Nov 18, 2024, 10:30 PM
Monday

Extending the tax cuts – MOST of which are due to expire next year – could add $4tn to the national debt, which already stands at $36tn.

Silent Type

(6,685 posts)
8. After following Medicaid politics since inception, I doubt there will be extensive cuts. But these MFers
Mon Nov 18, 2024, 10:49 PM
Monday

just have to scare the hell out of poor people who would literally die if harsh cuts are made. If they escape death, they will live a miserable— or more miserable— life.

But I’m a lot less sure about extent of cuts than before trump and his henchmen.

Fortunately— in a perverse way — lots of people, insurers and companies make money of Medicaid and Medicare and will lobby against cuts.

And, more importantly, a huge chunk of those 70 M are GOPers and voted for trump. And Bubba in rural Alabama ain’t gonna pay $5,000 a month toward mom’s or grandma’s nursing home care.

hay rick

(8,212 posts)
9. Republicans fear triggering a backlash...
Tue Nov 19, 2024, 12:35 AM
Tuesday

from 70,000,000 people depending on Medicaid, food stamps, etc. or dozens of billionaires...?

You can cut the suspense with a spork.

cstanleytech

(27,012 posts)
11. Sure, go ahead and cut programs that millions of Trump voters use themselves or have family that rely on those programs.
Tue Nov 19, 2024, 12:44 AM
Tuesday

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