Trump tax law could cause Medicare cuts if Congress doesn't act, CBO says
Share this @internewscast.com

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.

___

Share this @internewscast.com
You May Also Like
Riverside Church responds to Pride flag vandalism with even more flags

Riverside Church Amplifies Support with Increased Pride Flags Following Vandalism Incident

On October 20, a distressing incident occurred at Riverside Church located at…
Howard University professor calls on White political allies to emulate vigilante mass murderer

Howard University Professor Urges White Allies to Reflect on Controversial Vigilante Actions

A professor from Howard University known for her far-left views has stirred…
Baby humpback whale meets tragic end off New Jersey coast in suspected propeller strike

Tragic Loss: Young Humpback Whale Falls Victim to Suspected Propeller Accident off New Jersey Coast

A young humpback whale, found stranded near Long Beach Island, New Jersey,…
NYC mayoral candidates clash bitterly during final debate

Final NYC Mayoral Debate Sparks Heated Exchanges Among Candidates

NEW YORK (AP) — During the heated final debate in New York…
Opening statements Wednesday in trial of ex-Illinois officer who killed Sonya Massey

Opening Statements to Begin Wednesday in Trial of Former Illinois Officer Accused of Killing Sonya Massey

In Springfield, Illinois, the courtroom is set to be the scene of…
Cheerleader dies after being shot at high school bonfire, remembered for having 'spunk to her step'

Tragic Loss: Beloved Cheerleader Fatally Shot at High School Bonfire, Celebrated for Her Spirited Legacy

Tragedy struck a high school gathering in Pinson, Alabama, when a young…
Star-studded gala celebrates Misty Copeland as she takes final bow with American Ballet Theatre in NYC

NYC Gala Honors Misty Copeland’s Iconic Farewell with American Ballet Theatre: A Star-Studded Celebration

NEW YORK — Misty Copeland is set to retire her iconic pointe…
Artist Ben Wahhh of Deluxe Tattoo started Ink Relief Program with Salt and Light Coalition to help domestic violence survivors

Empowering Survivors: Ben Wahhh’s Ink Relief Program Transforms Lives Through Art and Healing

CHICAGO (WLS) — As we observe Domestic Violence Awareness Month this October,…
Bodycam video shows New York police officers rescue choking 10-month-old baby in Corona, Queens

Watch: Heroic NYPD Officers Save Choking Infant in Queens with Quick Response

In Corona, Queens, a 10-month-old infant’s life was saved by the quick…
Luigi Mangione claims he was beaten by seven 'ladyboys' in Thailand months before CEO killing: report

Shocking Twist: Luigi Mangione Alleges Assault by ‘Ladyboys’ in Thailand Before High-Profile CEO Murder

Luigi Mangione, once a promising Ivy League student, is now embroiled in…
California woman hit by small plane during crash landing on soccer field

Shocking Plane Crash: California Woman Struck During Emergency Landing on Soccer Field

A woman in California was hit by a small aircraft that crash-landed…
Former St. Johns fire chief wins lawsuit

Ex-St. Johns Fire Chief Triumphs in Landmark Legal Victory: What This Means for Firefighting Leadership

St. Johns County has agreed to a $500,000 settlement with its former…