GOP Tax Cuts Will Trigger Sequestration
Last edited Thu Dec 14, 2017, 08:50 PM - Edit history (1)
OpEdNews
December 14, 2017
By John Peebles
IT'S A CLASSIC TROJAN HORSE
(Budget) bill recently passed by the Senate and approved by reconciliation will generate sequester cuts under the PAYGO program.
Here is Maya MacGuineas writing for The Hill, as quoted by the "Committee of a Responsible Federal Budget":
"The statutory 'paygo' sequester (as opposed to the Budget Control Act sequester that enforces the discretionary spending limits) requires across the board cuts in non-exempt mandatory spending programs to offset any deficit-increasing legislation that was passed in a given year."
PAYGO requires Congress to administer the cuts as the deficits are incurred.
This means the recently passed budget will trigger cuts in:
..."Medicare, agriculture subsidies, student loans, the Social Services Block Grant, parts of border security and mandatory spending in the Affordable care Act other than exchange subsidies and Mediciad expansion.
So with this tax cut will come a doozy of a sequester."
(later on in the article)
The Republicans have passed this budget knowing full well that sequester will apply to spending they don't like and not applied to spending they like.
It's a classic Trojan Horse - minimize cuts to vital social services in selling the Budget Bill, all the while knowing that the tax cuts will trigger sequestration in future years.
Bottom line is that sequestration wont be leveled across the board but on discretionary items only.
The defense bill I believe is immune as are the budgets of the security apparatus.
These are viewed as fundamental to our security and are thus uncut-able.
Meanwhile, the programs that millions of Americans depend on like Medicare are cut and the money given out in tax breaks.
Read entire article:
https://www.opednews.com
Scroll down right side of main page to fourth article:
"GOP tax cuts will trigger sequestration" by John Peebles
Or see Reply # 6 for direct link to article.
"Fight Back Against Tax Cuts for the Wealthy and Well-Connected"
https://www.democraticunderground.com/10029984657
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