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

Cornelia Mascio
Mag 26, 2017

And Trump's Medicaid cuts appear even bigger than those in the health care bill recently passed by House Republicans, above what would be needed to fulfill the GOP vow to repeal "Obamacare". If Congress allows either fund to run dry, millions of Americans living on fixed incomes would face steep cuts in benefits. Put another way, the administration said any deficit increase from lost revenue would be made up by higher GDP growth. To account for this, the Trump administration said the economic growth from tax cuts would make up the difference.

Mnuchin has urged lawmakers to move quickly to remove investor doubt about any potential default.

So, yes, Medicaid spending would increase by 4.7 trillion U.S. dollars over a decade.

White House budget director Mick Mulvaney warned lawmakers on Wednesday that they may have to vote to increase the government's borrowing authority sooner than previously thought.

Idaho public schools would take a $16.1 million hit if the Trump budget passes, the center estimated. Investors can monitor budgetary spending and reforms in order to understand the economic background of their investments. Slashing the budgets of those "critical programs" would take a toll on the Valley, Kaine said, highlighting the suite of cuts he projects would hurt Virginians most.

"We are part of a solution to the complicated problem of healthcare", she said.

"Hopefully we will be able make that argument to our friends in Congress that what DOE is involved with plays a vital role, not only in the security of America but the economic well-being of the country as we go forward", Perry said.

"It also is yet another example of how little the administration understands about the USA government and its own party". What President Donald Trump wants to do is merely slow the growth of Medicaid spending, he said. Ryan sidestepped a question on whether the economic assumptions that allow the balance to budget were realistic, but praised the administration for embracing the goal of economic growth.

The budget also slashes funding for other low-income assistance programs, the State Department, global aid and the Department of Education. Education Secretary Betsy DeVos faced a grilling from Democrats over funding private schools with taxpayer money. "Unfortunately, the failure to address Social Security and Medicare will make it hard to truly rein in our nation's ever growing debt", said Michael A. Needham, chief executive officer of Heritage Action, in a press release. Clark replied, "I am shocked".

Harvard economist Lawrence Summers, the former Treasury secretary and National Economic Council director in the previous two Democratic administrations, wrote in the Washington Post that this represents "the most egregious accounting error in a presidential budget in the almost 40 years I have been tracking them".

US Director of the Office of Management and Budget, Mick Mulvaney, testifies at a House Budget Committee hearing on the FY2018 budget at the Capitol on May 24, 2017 in Washington, DC.

Kaine also pinpointed the cuts to Medicaid, student loan programs, the Social Security Disability Insurance program and the Supplemental Nutrition Assistance Program (SNAP), which helped feed 826,000 Virginia residents in 2016, as areas where Virginians could be hurt. Trump's budget would cut several key K-12 programs, while boosting funding for charter and private school voucher programs.

But he drew rebukes, even from some Republican allies, for the plan's jarring, politically unrealistic cuts to the social safety net for the poor and a broad swath of other domestic programs.

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