Republicans advance bill with steep cuts to Medicaid
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The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.
While on the presidential campaign trail last year, Donald Trump promised workers in Las Vegas that he would eliminate taxes on tips. It was a popular proposal – so popular, in fact, that his competitor Kamala Harris embraced the idea as well.
Not only is the Republican Congress trying to cut Medicaid by $625 billion, lawmakers also want to restrict how states respond.
A new bill would tax income over $400K to help fix Social Security’s funding gap and avoid 17% benefit cuts by 2035.
This story has been updated with additional commentary. | The Centers for Medicare and Medicaid Services proposed a rule to “shut down [a] Medicaid loophole” that it said would cost federal taxpayers tens of billions of dollars over the next five years.
The proposal threatens states’ ability to fund state supplemental payment programs for Medicaid, which providers rely on as a boost for revenues.
WASHINGTON – House Republicans plan to enact work requirements and more frequent eligibility checks for Medicaid, according to a proposal released late on May 11 by a key GOP-led committee.
House Republicans aim to cut federal spending by $2 trillion, hitting Medicaid and other programs. How the cuts could impact millions of Americans.