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No one knows where the supposed cuts will come from. I doubt if the poor will be the ones who lose out. I would like to see it come from reduced fraud and overcharging.
Medicare spending grew 4.5% to $646.2 billion in 2015, or 20 percent of total NHE.
Medicaid spending grew 9.7% to $545.1 billion in 2015, or 17 percent of total NHE.
Maybe it is time to try and reign in some of these expenses.
The standard liberal whine of tax cuts for the rich meme.
Just like the the term racism, overused and untrue.
I am sure that $473B cut will find it's way back to the poor, it couldn't possibly end up in the hands of the rich.
Do you recall the prior ACA debate where they were going to cut health care to give a tax break to those in the top bracket. I know this time around it will be different, I'm sure it will. LOL
I am sure that $473B cut will find it's way back to the poor, it couldn't possibly end up in the hands of the rich.
Do you recall the prior ACA debate where they were going to cut health care to give a tax break to those in the top bracket. I know this time around it will be different, I'm sure it will. LOL
The poor take and take and give nothing in return but more demands for free stuff.
The non poor give and give so yeah, they get a break from giving.
I have to admit, even I’m surprised that poor white trash who voted for Trump are backing cuts to Medicare and tax credits for the working class to give billions to the richest Americans in tax cuts. Whatever Fox News is doing they are doing it extremely well.
What about Medicaid? Yup, 1 trillion slashed from the program over a decade. Where does the cost savings go? To those who least need it, unlike those on Medicaid, who literally need it to survive.
Quote:
Ninety percent of the top 1 percent -- those earning about $900,000 and above in 2027 -- would get a tax cut, averaging $234,050." (It's difficult to calculate the exact percentage of income that would be given just how wide the top tax bracket is.)
And another nonpartisan website, Politifact.com, found that 80% of the GOP tax cuts would benefit the top 1% by the 10th year of the plan.
So, what about the rest of us? Well, in 2018, middle-income households (those earning $50,000 to $90,000 a year) would receive a tax break on average of $660, or 1.2% of their after-tax income. While they would get an initial, tiny tax cut, the numbers would get worse over time: "By 2027, more than one of every four middle-income families would pay more in taxes.”
It seems you know where the cuts are going to be inside of Medicare... I would like to know how you will suffer exactly? Are your premiums going up? Is your coverage getting less? What exactly? Or are you exploding into tantrums without even understanding what is happening? Obama cut 700 billion for Obamacare, have you noticed it in your medicare benefits? Or are you falling for liberal rhetoric.... again....
Except for one thing, the 700 billion were cuts to providers, not beneficiaries and they tightened up on rules that allowed Advantage plans to charge the Government more for patients by claiming they had serious health conditions, now those plans have to substantiate that.
Here are some figures to digest, real numbers to work with.
Quote:
As the Senate narrowly passes a budget bill that clears the path for a historic tax reform, we’ll look at how President Trump’s proposed tax overhaul would shower billions of dollars in tax cuts upon the wealthiest Americans—including President Trump’s family and members of his administration. An analysis by the Center for American Progress Action Fund shows President Trump’s family and Trump’s Cabinet members would, combined, reap a $3.5 billion windfall from the proposed repeal of the estate tax alone. Trump’s plan would cap the tax rate on “pass-through income” at 25 percent—a move that would also shower millions in savings upon millionaires and billionaires. We speak with economist James Henry of the Tax Justice Network and Pulitzer Prize-winning journalist David Cay Johnston, whose latest piece is titled “Nine Reasons Trump’s Tax Plan Will Hurt You.”
AMY GOODMAN: We turn to President Trump’s efforts to dramatically rewrite the U.S. tax code, critics slamming the plan, saying it would massively redistribute wealth to the richest 1 percent of Americans—including President Trump and members of his administration. An analysis by the Center for American Progress Action Fund shows President Trump’s family and Trump’s Cabinet members would, combined, reap a $3.5 billion windfall from the proposed repeal of the estate tax alone. The plan also calls for slashing the corporate tax rate from 35 percent down to 20 percent. Earlier this year, Trump proposed cutting the corporate tax rate to as low as 15 percent.
The plan also proposes lowering the tax rate on so-called pass-through income, in which the profits of a business are transferred directly to the business owners. Under the current code, the tax rate on pass-through income varies based on the owner’s income, ranging from as low as 10 percent to as high as 39 percent. Trump’s plan proposes capping the tax rate on pass-through income at 25 percent, a move that would also shower millions in savings upon millionaires and billionaires, including Trump and his family. According to the Center for American Progress Action Fund, capping this tax rate would give Trump’s son-in-law, his senior adviser, Jared Kushner, an annual tax cut of up to $17 million. Based on President Trump’s 2016 financial disclosures, the Center for American Progress estimates Trump himself would receive a $23 million tax cut.
I have to admit, even I’m surprised that poor white trash who voted for Trump are backing cuts to Medicare and tax credits for the working class to give billions to the richest Americans in tax cuts. Whatever Fox News is doing they are doing it extremely well.
someone is guilty of repeating the left MSM mantra here.
"A blueprint for tax reform". Sure, why not cut from the average person and give to the ultra rich?
I don't care who cuts Medicare (the mod moved this to "politics" from the retirement health care forum which is where I posted it)- we would all suffer- including you- whether now or eventually. To me, this is not politics, it's health!!
PS if you think The Daily Signal is unbiased, you are much mistaken. Look it up. It is as biased as they come.
shame it should not have been moved because there is little chance of a real discussion on P&C. and you lose most of the smart people as they will not post on this forum...
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