Senate GOP Restores Medicaid Cuts to Trump Tax Package [View all]
Source: Bloomberg
(Bloomberg) -- Senate Republicans restored major Medicaid cuts to Donald Trump’s signature economic legislation, re-fashioning a key provision to overcome a procedural obstacle.
Spending cuts to the health insurance program for the poor and disabled partially offset revenue losses from tax cuts in the measure and are a crucial demand of GOP fiscal conservatives.
The revision helps Republicans shore up the spending cuts they need to fund the bill, but it could also alienate three crucial senators — Susan Collins of Maine, Lisa Murkowski of Alaska and Thom Tillis of North Carolina — who have been pushing to scale back the Medicaid cuts.
Senate Republican Leader John Thune is trying to navigate competing demands from conservatives and moderates as he rushes to pass the massive tax and spending package to meet a July 4 deadline Trump has set for congressional approval.
Read more: https://finance.yahoo.com/news/senate-republicans-restore-medicaid-cuts-161131357.html
Greedy Old Pigs want to give a tax break to those who don't need it while screwing over everyone else in the process.
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