Friday, December 22, 2017

Trump signs Medicare cut

It was cruel and heartless for Trump to sign the tax bill today. Millions will suffer as soon at the clock strikes 12 bringing in the New Year . All he had to do was wait til Jan 3rd, but his ego is too big to do anything that would benefit anyone other then himself.

Why wait? House Republicans left the PAYGO provision out of a year-end spending deal to avoid a government shutdown before Friday. PAYGO, or pay-as-you-go, is a budget rule requiring that tax cuts as well as increases in mandatory spending and entitlement programs like Medicare and Social Security must be covered by tax increases or cuts in mandatory spending, according to the Tax Policy Center.

By leaving out the provision, automatic cuts to Medicare and other mandatory spending programs would be activated by the tax reform bill in January because the bill increases the deficit by $1.5 trillion over 10 years. Waiting to sign the bill would delay those cuts until 2019.

Republican leadership has said those cuts would not be triggered if Trump signs the bill before the end of the year. However, it would require a waiver, meaning support from enough Democrats in the Senate to deliver 60 votes.

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