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


WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional Budget Office reported Friday.

The CBO estimates that Medicare, the federal health insurance program for Americans over age 65, could potentially see as much as $491 billion from 2027 to 2034 if Congress does not act to mitigate a 2010 law that forces across-the-board cuts to many federal programs once legislation increases the federal deficit. The latest report from CBO showed how Trump’s signature tax and spending law could put new pressure on federal programs that are bedrocks of the American social safety net.

Trump and Republicans pledged not to cut Medicare as part of the legislation, but the estimated $3.4 trillion that the law adds to the federal deficit over the next decade means that many Medicare programs could still see cuts. In the past, Congress has always acted to mitigate cuts to Medicare and other programs, but it would take some bipartisan cooperation to do so.

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

“Republicans knew their tax breaks for billionaires would force over half a trillion dollars in Medicare cuts — and they did it anyway,” said Rep. Brendan F. Boyle, the top Democrat on the House Budget Committee, in a statement. “American families simply cannot afford Donald Trump’s attacks on Medicare, Medicaid, and Obamacare.”

Hospitals in rural parts of the country are already grappling with cuts to Medicaid, which is available to people with low incomes, and cuts to Medicare could exacerbate their shortfalls.

As Republicans muscled the bill through Congress and are now selling it to voters back home, they have been highly critical of how CBO has analyzed the bill. They have also argued that the tax cuts will spur economic growth and pointed to $50 billion in funding for rural hospitals that was included in the package.

___

Share and Follow
You May Also Like
Opponents of Maine campus pro-life group invoke Charlie Kirk in social media threat : 'gotta be careful'

Maine Campus Pro-Life Group Faces Social Media Threats, Citing Charlie Kirk: ‘Gotta Be Careful

A group of students at the University of Southern Maine (USM) who…
Meghan Markle shares cringey clip of Prince Harry on ‘Colbert’ after estranged father is hospitalized

Meghan Markle Reveals Lighthearted Clip of Prince Harry on ‘Colbert’ Amid Reports of Father’s Hospitalization

Meghan Markle is embracing the festive season with enthusiasm. The 44-year-old Duchess…
Shooting at an Oklahoma State University residence hall wounds at least 3 people

California Activist Faces Jail Time for Bold Rescue of Perdue Chickens: A Closer Look at the Consequences

SANTA ROSA, Calif. (AP) — Zoe Rosenberg, a California activist for animal…
Harvard professor detained by ICE after Boston synagogue shooting, agrees to voluntarily leave US

Harvard Professor Detained by ICE Post-Boston Synagogue Shooting: Voluntary Departure from US

The Department of Homeland Security (DHS) has reported that U.S. Immigration and…
US military conducts strike on another suspected drug boat as probe into the first strike begins

US Military Targets Second Suspected Drug Vessel Amid Ongoing Investigation

WASHINGTON — After a pause of nearly three weeks, the U.S. Southern…
Ex-Minneapolis officer Derek Chauvin, convicted of George Floyd murder, files for new trial

Former Minneapolis Officer Derek Chauvin, Convicted in George Floyd’s Murder, Seeks New Trial

Former Minneapolis police officer Derek Chauvin, who was convicted of second-degree murder…
Kristi Noem caught partying in sombrero at Mexican restaurant

Kristi Noem’s Fiesta Flair: Governor Spotted Celebrating in Sombrero at Mexican Restaurant

The woman widely recognized for overseeing the largest deportation of Hispanics in…
'Camp Rock 3' teaser drops: Jonas Brothers return as Connect 3 in Disney's long-awaited sequel with new cast 

Jonas Brothers Reunite for ‘Camp Rock 3’: First Teaser Unveils Exciting New Cast in Disney Sequel

LOS ANGELES — Get ready to relive the magic because we’re heading…