Republicans Cut Medicaid, Hand Tax Breaks to the Rich — A Divisive Strategy
Latest Current Topicsby Toter 2 days ago 81 Views 0 comments
(By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent) House Republicans pushed through a new budget plan Thursday that slashes crucial safety net programs like Medicaid and child nutrition assistance — all to help finance an extension of the 2017 Trump tax cuts.A recent estimate from Congress shows just how costly that move could be: up to $5.5 trillion over the next decade, including interest on the debt. The plan, backed by the House GOP, would renew tax breaks that primarily benefit the wealthiest Americans and large corporations.Despite Republican claims that the tax cuts would pay for themselves, the Joint Committee on Taxation (JCT) and the Congressional Budget Office (CBO) paint a very different picture.
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