For U.S. Republicans, tax reform math hinges on cutting Medicare
CHICAGO (Reuters) - U.S. retirement savers dodged a speeding train last week when Republican lawmakers racing toward tax reform dropped their plan to sharply reduce allowable tax-deferred contributions to 401(k) plans. That idea is off the table - at least for now.
But listen carefully and you can hear the whistle blowing on another train barreling down the tracks.
Call it the Slash Medicare Express. The whistle is still a bit faint, but it is sending a clear warning signal.
A 2018 budget blueprint approved by Congress late last month would reduce Medicare spending by $473 billion over 10 years compared with the current baseline projection, and proposes $1.3 trillion in cuts to Medicaid, various Affordable Care Act (ACA) tax credits and cost sharing subsidies and other health spending. Republicans need the spending reductions to make room for $1.5 trillion in tax cuts, mostly for corporations and wealthy households.
The budget plan does not include the specifics on how these cuts will be achieved. But previous Republican plans for Medicaid - the joint federal and state health insurance program for lower-income people and children - would have been disastrous for millions of older Americans.
http://www.reuters.com/article/us-column-miller-medicare/for-u-s-republicans-tax-reform-math-hinges-on-cutting-medicare-idUSKBN1D91LU
If the assholes pass there worthless give the rich more fucking tax plan, they will immediately say they have to cut the deficit, and then attack my social security your social security benefit money , medicare that everyone has paid into with the treasury bonds, earning 3% interest in the trust funds
It is time to go back into the hearings rooms.................like what was done on health care..................
This is fucked up
