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John1959 Profile
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GOP tax bill could spur $25 billion in Medicare cuts: CBO


The GOP tax bill could trigger automatic cuts worth $136 billion from mandatory spending in 2018, including $25 billion in Medicare cuts, if Congress doesn’t find another way to offset its deficit increases, according to the Congressional Budget Office (CBO).
 
The tax bill would add an estimated $1.5 trillion to the deficit over a decade. Congressional “pay-as-you-go” rules, called pay-go, require that the White House Office of Management and Budget (OMB) automatically cut mandatory spending if legislation increases the deficit beyond a certain point.
 
“Without enacting subsequent legislation to either offset that deficit increase, waive the recordation of the bill’s impact on the scorecard, or otherwise mitigate or eliminate the requirements of the [pay-go] law, OMB would be required to issue a sequestration order within 15 days of the end of the session of Congress to reduce spending in fiscal year 2018 by the resultant total of $136 billion,” CBO wrote on Tuesday.

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But hey, it's just fear mongering.

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/20/2017, 9:25 pm Link to this post PM John1959 Blog
 
gopqed Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


A bill to waive the sequestration will be introduced and passed by Congress. Such waivers are routinely passed as part of bills that increase the deficit. For bills passed via budget reconciliation, the waiver can't be included in the bill and must be passed separately.
12/21/2017, 1:23 pm Link to this post PM gopqed Blog
 
John1959 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Sure, but there is no guarantee that bill would pass.

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/21/2017, 3:17 pm Link to this post PM John1959 Blog
 
gopqed Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


 The only reason it would not pass is that the Democrats decide that they would rather see cuts to Medicare so they can score political points. But then they would have to explain why they favor cuts to Medicare. They will support the bill but, as they should, they will extract things they want from the Republicans to guarantee their support for the bill.
12/21/2017, 3:49 pm Link to this post PM gopqed Blog
 
John1959 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


But as the article says; "Congress could avoid the sequestration by passing a bill to circumvent the pay-go rules, but that would require Democratic support in the Senate, and may lose the support of fiscal hawks in the Republican Party."

Most Republicans may not be willing to cut Medicare now, but when the deficit explodes - and it will - they will act as though they have no other choice.

Some have already hinted at this;

"The driver of our debt is the structure of Social Security and Medicare for future beneficiaries” Sen. Marco Rubio (R-Fla.)

"We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit" Paul Ryan (R-Wis.)

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/21/2017, 4:20 pm Link to this post PM John1959 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


The bill passed by the House today to provide funding for the federal government to January 19 and fund CHIP to March includes the PAYGO waiver to prevent the sequestration of mandatory spending (including Medicare.)
12/21/2017, 11:51 pm Link to this post PM gopqed Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


The bill also passed in the Senate. It's interesting that Bernie Sanders and 29 democrats voted against it, preferring to support cuts to Medicare and voting against funding healthcare for children.
12/22/2017, 3:08 am Link to this post PM gopqed Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


One more thing - about 175 Democrats in the House and the above mentioned members of the Senate voted to shut down the federal government, in addition to cutting Medicare and denying healthcare to children.
12/22/2017, 3:47 am Link to this post PM gopqed Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


quote:

gopqed wrote:

One more thing - about 175 Democrats in the House and the above mentioned members of the Senate voted to shut down the federal government, in addition to cutting Medicare and denying healthcare to children.



Just following the ]Republicans' example.
12/22/2017, 12:13 pm Link to this post PM shiftless2 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


What I see is narrow minded lack of foresight from our illustrious left leaner's, It is NOT due to SSI And Medicare that the Deficit is so huge. It IS due to the Left's imagineered NAFTA and other foreign trades policies allowing mass imports of crap subsidized goods shutting down industries here, ending well paying jobs and decreasing the inputs to those programs from Lack of Employed paying those taxes. Add to that the illustrious Millennial population hung up on Selfie's and FB or instant messaging that interferes with working or in their attitude work interferes with their messaging, takes the toll to the point they cannot retain employ and fail to successfully gain employ.

No decent well paying work and workers and the system implodes, taxes fail to pay bills as they also decline, the lack of vision to advance and access their own lives sets so many older adults in debt trying to keep the Children functional if possible.
12/22/2017, 1:23 pm Link to this post PM cooter50 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Yet some 5 million US jobs are dependent on trade with Mexico and 9 million with Canada.

And if you somehow wiped out all the trade agreements the "old" US manufacturing jobs will not come back. They're gone forever.
12/22/2017, 2:15 pm Link to this post PM shiftless2 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


BTW, ever wonder why Trump hasn't signed this turkey yet? There is reason and I don't think too many people are going to like it.
12/22/2017, 4:42 pm Link to this post PM shiftless2 Blog
 
gopqed Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


He just signed the bill.
12/22/2017, 4:52 pm Link to this post PM gopqed Blog
 
gopqed Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Your Facebook friend is a moron, by the way. You really should do some fact-checking before you post drivel.
12/22/2017, 4:56 pm Link to this post PM gopqed Blog
 
John1959 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


quote:

gopqed wrote:

The bill passed by the House today to provide funding for the federal government to January 19 and fund CHIP to March includes the PAYGO waiver to prevent the sequestration of mandatory spending (including Medicare.)



The devil is in the details, Gop.



The stopgap measure continues federal operations for a few more weeks, setting up another deadline for Jan. 19. But it left undone a long list of priorities that members of both parties had hoped to finish this year.

...

Conservative groups opposed the disaster measure for increasing spending too much, and Democrats said it was insufficient, especially for hard-hit Puerto Rico. Senate Majority Leader Mitch McConnell of Kentucky decided not to bring the measure up for a vote.

...

The stop-gap spending bill would fund three more months of the Children’s Health Insurance Program, or CHIP

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/22/2017, 5:58 pm Link to this post PM John1959 Blog
 
shiftless2 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


quote:

gopqed wrote:

He just signed the bill.



Then he's even dumber than I thought.

Besides, the original report that the bill would be signed in January came from Bloomberg

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Last edited by shiftless2, 12/22/2017, 6:17 pm
12/22/2017, 6:15 pm Link to this post PM shiftless2 Blog
 
gopqed Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


I noted the January 19th date and the three-month funding for CHIP in my post last night, so I'm aware of the details. You didn't mention the waiver for the sequestration of mandatory spending, which prevents the cuts to Medicare you were spreading fear about.
12/22/2017, 6:21 pm Link to this post PM gopqed Blog
 
John1959 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


quote:

gopqed wrote:

I noted the January 19th date and the three-month funding for CHIP in my post last night, so I'm aware of the details. You didn't mention the waiver for the sequestration of mandatory spending, which prevents the cuts to Medicare you were spreading fear about.



I know you did.

Basically this just delayed dealing with many of these issues until next year, when they will have to be dealt with again.

As far as Medicare, this doesn't mean it's off the table. Some Republicans were against the waiver while others probably fear how it would look to give the wealthy tax and then attack Medicare...



A senior administration official told reporters at a briefing Thursday that Trump, Ryan and McConnell plan to meet on welfare reform in early January “to make sure everyone is on the same page.”

But some Republicans worry about taking aim at any safety-net programs on the heels of passing a $1.5 trillion tax bill that independent analysts say does far more for corporations and the wealthy than the middle class.

“I think the optics are terrible,” said John McKager “Mac” Stipanovich, a longtime Florida-based GOP consultant. “At least at this point, the Democrats are winning the argument that the tax cuts primarily benefit the wealthy and big business. To come in right behind that and start whacking the poor, the working poor, will not serve Republicans well in 2018.”

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/22/2017, 7:01 pm Link to this post PM John1959 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Currently China is DUMPING materials here as elsewhere as steel, copper and manufactured goods. They have a agenda to support, that gets stopped and the steel mills HERE stay running. A tariff to counter the false level of expense fixes the steel industry and as far as your 'Is not Going To Come Back' comment, that only holds true should pricing be kept artificially low, a process they cannot maintain and make up losses for any real length of time either from MX, S and C Americas, even Asian concerns.
12/22/2017, 7:10 pm Link to this post PM cooter50 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Kicking the can down the road a few weeks or months has become the norm in the age of continuing appropriations bills. It has been like that for many years now, regardless of which party has controlled the White House or Congress.
12/22/2017, 7:14 pm Link to this post PM gopqed Blog
 
John1959 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


quote:

gopqed wrote:

Kicking the can down the road a few weeks or months has become the norm in the age of continuing appropriations bills. It has been like that for many years now, regardless of which party has controlled the White House or Congress.



Yes, but my point is that it's no reflection on where a party stands on issues. Just because a waiver was passed that prevents cuts to Medicare doesn't mean that Republicans support Medicare.

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/22/2017, 7:48 pm Link to this post PM John1959 Blog
 
cooter50 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Just because a waiver was passed that prevents cuts to Medicare doesn't mean that Republicans support Medicare.


And it does not mean they do not either.
12/22/2017, 11:45 pm Link to this post PM cooter50 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


John, just to put your fearmongering into perspective, when was the last time the Republicans passed a cut to Medicare into law?
12/23/2017, 12:42 am Link to this post PM gopqed Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Sometimes there's a solid basis for what you call "fearmongering".

Whether or not Republicans can or will make cuts to SS, Medicare and other programs is questionable.

The fact that they want to - as I see it - is not; They definitely want to do it.

So show me where I'm wrong?

They have already passed tax cuts that will increase the deficit. When those deficit increases start showing up, do you think they will want to roll back those tax cuts, decrease military spending, or make cuts to Medicare and the like?

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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/23/2017, 12:16 pm Link to this post PM John1959 Blog
 
cooter50 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Show me the facts to make you correct. All you have shown is speculation and assumptions.
12/23/2017, 7:24 pm Link to this post PM cooter50 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


I think you should read what the Senate Budget Committee has to say about no cuts. They are still working towards cuts, they had previously submitted a 450 billion dollar cut over 10 years for SS and medicare. They still want cuts, their problem, they need 60 votes and that will hopefully be enough to stop them. If Paul Ryan and his group don't seriously want huge cuts, I'll slit my throat for ya, it's a matter of getting votes, not that republicans don't want cuts, that was Trumps promise and for Tom Cole R-(OK) and friends Trumps promise was called a "fantasy."
12/23/2017, 8:38 pm Link to this post PM katie5445 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


The US restores any semblance of employment in mid to upper middle class and the SSI and Medicare feed themselves. Too bad the attitude of the Left is we do not need to work to feed our benefits, just do service work at premium pay and all will be right, except that does not function when the cash cow purchases are moneys LEAVING the nation.
12/24/2017, 2:33 am Link to this post PM cooter50 Blog
 
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Bollocks, I worked for 40 yrs., was a single mother for several years of 3 kids with no child support and took no govt. benefits, as a liberal if you think I supported able bodied persons sitting home watching the telly and taking naps you are sorely mistaken, as are all of you who post that liberals have no never mind of those sitting on their ass and collecting benefits, when they should be at work.
12/24/2017, 3:15 am Link to this post PM katie5445 Blog
 
cooter50 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


You are one of the very few where as noted in another post the equated value of Liberal derived benefits exceeds any form of REASONABLE, entry level minimum wage. Eliminate the need to work and workers stop showing up.

Last edited by cooter50, 12/24/2017, 10:57 am
12/24/2017, 10:56 am Link to this post PM cooter50 Blog
 
John1959 Profile
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Re: GOP tax bill could spur $25 billion in Medicare cuts: CBO


Cooter, for someone that claims to be "registered DEM", you sure sound very far-right sometimes.


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“I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
12/24/2017, 5:01 pm Link to this post PM John1959 Blog
 


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