Washington (AP) – The federal budget deficits caused by the tax and expenditure law of President Donald Trump could trigger automatic cuts at Medicare if the congress did not act, the impartial budget office reported on Friday.
The CBO estimates that Medicare, the Federal Hospital Insurance Program for Americans over 65, could possibly recognize up to $ 491 billion from 2027 to 2034 if the congress is not to reduce a law on a law that contains the entire federal programs within the framework of the federal state by legislation by the federal deficit. The latest report by CBO showed how Trump’s signature tax and expenditure law could put novel pressure on federal programs that are the basic rock of the American Social Safety Net.
Trump and the Republicans promise not to shorten Medicare in the context of legislation, but the estimated 3.4 trillion dollars that expands the law on the federal deficit in the next decade means that many Medicare programs could still see cuts. In the past, the congress has always acted to mitigate cuts in Medicare and other programs, but it would take cross -party cooperation to do so.
Democrats who applied for the analysis of CBO jumped into the potential cuts.
“The Republicans knew that their tax benefits for billionaires would force over half a trillion dollar Medicare cutting up – and they did it anyway,” said Rep. Brendan F. Boyle, the Supreme Democrat in the budget committee. “American families simply cannot afford Donald Trump’s attacks on Medicare, Medicaid and Obamacare.”
Hospitals in rural parts of the country have already dealt with cuts against Medicaid that are available to people with low income, and the cuts against Medicare could worsen their deficits.
When the Republicans have sold the draft law by the congress muscles and now to the voters at home, they were very critical of the analysis of the CBO. They also argued that tax cuts are promoting economic growth and referring to $ 50 billion for the financing of rural hospitals that were included in the package.
___
