Trump tax law could cause Medicare cuts if Congress doesn't act, CBO says

WASHINGTON (AP) — Automatic cuts to Medicare could be triggered due to budget deficits arising from President Donald Trump’s tax and spending legislation, unless Congress intervenes, according to a report released Friday by the nonpartisan Congressional Budget Office (CBO).

The CBO projects that Medicare, which provides health insurance to Americans over 65, could experience up to $491 billion in cuts between 2027 and 2034. This is a consequence of a 2010 law enforcing automatic reductions to federal programs when laws increase the federal deficit. These findings highlight the strain Trump’s tax and spending law places on cornerstone federal programs forming part of America’s social safety net.

Despite assurances from Trump and fellow Republicans that Medicare would remain untouchable, the legislation’s addition of $3.4 trillion to the federal deficit over ten years implies that Medicare programs might still face reductions. Historically, Congress has intervened to alleviate cuts to Medicare and similar programs, necessitating bipartisan efforts to achieve this once again.

Democrats, who requested the analysis from CBO, jumped on the potential cuts.

“Republicans were aware their tax concessions for billionaires would lead to over $500 billion in Medicare reductions — yet proceeded regardless,” stated Rep. Brendan F. Boyle, the senior Democrat on the House Budget Committee. “American families cannot sustain Donald Trump’s onslaughts on Medicare, Medicaid, and the Affordable Care Act.”

Rural hospitals are already struggling with Medicaid cuts—which serves low-income individuals—and further Medicare reductions could worsen these financial challenges.

As Republicans advance the bill through Congress and present it to constituents, they have been sharply critical of the CBO’s analysis. They argue that the tax cuts will stimulate economic growth and highlight the $50 billion allocated for rural hospitals included in the legislation.

___

You May Also Like
Repeat offender on probation allegedly kills father who tracked his stolen truck using GPS

Tragic Turn: GPS-Tracked Stolen Truck Leads to Fatal Encounter with Repeat Offender on Probation

A tragic incident unfolded in Houston, Texas, when a father lost his…
Wisconsin teen sentenced to life in brutal slaying of 5-year-old boy found in dumpster

Wisconsin Teen Receives Life Sentence for Tragic Murder of Young Boy Found in Dumpster

An 18-year-old man from Wisconsin received a life sentence on Friday for…
Israel Strikes Iran After Iranian Missile Attack, Defying Trump's Request to Hold Off

Israel Launches Retaliatory Strike on Iran Amid Rising Tensions, Defying U.S. Plea for Restraint

In the early hours of Monday, Israeli forces launched attacks on military…
Florida deputy drags 'unresponsive' beachgoer from ocean in dramatic rescue

Heroic Rescue: Florida Deputy Saves Unconscious Swimmer from Ocean’s Grip

The Volusia Sheriff’s Office in Florida has released dramatic footage capturing the…
Target recalls Up&Up baby wipes due to potential bacterial contamination

Target Issues Recall of Up&Up Baby Wipes Amid Bacterial Contamination Concerns

Target is taking precautionary measures by recalling certain Up & Up brand…
American Airlines flight attendant killed in tourist hot spot as investigators probe suspected boat strike

Tragic Incident: American Airlines Crew Member Dies in Popular Tourist Destination, Authorities Investigate Boat Involvement

American woman missing at sea, FBI expert weighs in on Bahamas boat…
Toledo police following 'multiple leads' as manhunt enters 3rd day after festival shooting

Toledo Police Intensify Search with Multiple Leads on Day 3 of Festival Shooting Manhunt

12 hurt, 2 critically after Ohio festival shooting Fox News’ Madison Scarpino…
Indiana boy Jagger Wing, 5, dies during sleepover at pal's house

Tragic Loss: 5-Year-Old Jagger Wing Passes Away During Sleepover in Indiana

In a heartbreaking turn of events, a five-year-old boy, known for his…
Platner backer shrugs off his old Nazi-tied tattoo -- but says Israeli one would be red line: 'I don’t support genocide'

Controversy Surrounds Platner Backer: Dismisses Nazi-Linked Tattoo, Draws Line at Israeli Symbol

PORTLAND, Maine — At a rally for Senate candidate Graham Platner on…
Suspect finally detained in Ohio festival mass shooting that left 12 wounded

Ohio Festival Shooter Apprehended: Suspect Arrested After Mass Shooting Injures 12

Authorities investigating the mass shooting at an Ohio music festival have detained…
NYPD cop appears to slam Knicks fan head into pole during arrest at Madison Square Garden celebration: video

NYPD Officer Allegedly Seen Forcibly Restraining Knicks Fan Against Pole Amidst Madison Square Garden Celebrations: Video Emerges

A shocking video has surfaced showing an NYPD officer forcefully pushing a…
'My calf is pretty much wide open'

Calf Injury Leaves Athlete with Significant Laceration

In a harrowing encounter, a surfer recounted the chilling moment when an…