Thursday, 20 September, 2018

Trump budget chief: Medicaid cuts won't affect anyone now on program

Alfredo Watts | 03 June, 2017, 01:32

Mulvaney's appearance was one of four slated Wednesday as Trump Cabinet officials fanned out on Capitol Hill to defend Trump's budget, which contains jarring, politically unrealistic cuts to the social safety net and a broad swath of domestic programs.

President Donald Trump released his fiscal year 2018 budget proposal, entitled "A New Foundation for American Greatness", focuses on eight areas of reform, including healthcare. A Quinnipiac national survey in March, while House Republicans were trying to replace Obamacare, showed that the public opposed cuts in the federal Medicaid program by a margin of 74 percent to 22 percent.

Trump budget director Mick Mulvaney insists the administration's spending plans won't cut Medicaid money.

McCain was asked by MSNBC's Kasie Hunt, "Can I ask you about president's budget?".

Mulvaney also told the panel it will take cuts to Social Security and Medicare to balance the budget in the future.

"If it's important enough for us to have then we should be paying for it, because right now my unborn grandchildren are going to be paying for it", Mulvaney said.

The President's budget largely leaves massive entitlement programs alone. However, the math does not add up as the Trump tax cut is also supposed to pay for the Trump tax cuts.

In addition, the budget would make another Dollars 610 billion in cuts to Medicaid over 10 years by transitioning the program from a traditional entitlement to either a block grant program or a per-capita program that puts a ceiling on federal Medicaid funding to states.

According to the proposed budget, "a comprehensive overhaul to our tax code will boost economic growth and investment", and assumes an aggressive 3 percent growth in the economy.

The GOP on the Hill and the White House will coordinate on the topline numbers, but budget committee chairs are working with top leaders on their own budget proposal, which is expected to be rolled out sometime in mid-June. In agriculture, the proposed budget would limit subsidies to farmers, including for purchasing crop insurance, a move already attacked by farm state lawmakers.

"This budget relies on absurd economic projections and pretend revenues that no credible economist would validate", Jayapal said.

The United States debt clock continues to tick, and as it gets closer to $20 trillion, we wonder if President Donald Trump will ever answer how he plans to address the debt by cutting taxes without making dramatic cuts to spending as well.