Republican Tax Bill Could Cut Billions From Medicare

Wochit Headline News - November 15, 2017

The Republican Tax Cuts and Jobs Act would add 1.5 trillion dollars to the federal deficit over 10 years.

According to the Statutory Pay-As-You-Go Act, or Paygo, the new debt must be offset, or the Paygo requirement must be waived.

If Paygo is not waived, it would trigger automatic cuts to programs like Medicare and farm subsides.

According to a new report, the GOP tax plan would force the government to slash billions of dollars worth of core services unless Democrats relent..

Advertisement

Recent related news

Boss, about that raise and all those new co-workers … At the center of the new tax bill is a deep and permanent reduction in the corporate tax rate that...
1 week ago • ChicagoTribune

JEFFERSON CITY, Mo. (AP) β€” Even as Missouri’s Republican governor takes to the road to promote his $800 million tax overhaul proposal, a Republican-led...
1 week ago • Seattle Times

You might like