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Asked Monday if the Trump administration would address “entitlement reform,” White House chief economic advisor Larry Kudlow said it will “probably” look at “larger entitlements” next year. Entitlement reform generally refers to changes or cuts to large government social programs such as Social Security, Medicare, Medicaid or food stamps.
via CNBC.
Related Reading:
Trump Advisor Re-Affirms Commitment to Cutting Social Security & Medicare.
- This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, House Speaker Paul Ryan, and several other key GOP members about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare. ‘Reforming,’ of course, means cutting and privatizing.
However, some conservatives in Congress insist that relief for programs like the Older Americans Act be paid for by cutting Medicare and Medicaid. This budgetary sleight-of-hand could trade partial relief for some seniors’ programs by cutting other essential health security programs like Medicare and Medicaid, thus further eroding the tenuous economic situation many older Americans face.
Max Richtman via Huffington Post.
Budget Deal provides sequester relief to programs like the Older Americans Act, Low Income Home Energy Assistance Program and Social Security field offices without cutting Social Security, Medicare and Medicaid benefits.
via Entitled to Know.
Mulvaney, who supports Social Security and Medicare reforms, told CNBC ‘we’re working on’ persuading Trump to embrace entitlement reform, including changes to Social Security Disability Insurance.
Members of the conservative Freedom Caucus said Tuesday entitlement reform should be included in the next budget that passes the House, despite President Trump’s campaign promise that he would leave Social Security and Medicare alone.
via The Hill.
Related Reading:
- New Poll Shows Majorities Do Not Support GOP Proposals for Social Security and Medicare.
- In the poll of likely voters, 79% favor increasing Social Security
benefits — and funding that increase by having wealthy Americans pay
the same rate into Social Security as everyone else. Seventy-seven
percent oppose raising the Social Security retirement age to 69, and a
whopping 93% favor allowing Medicare to negotiate to bring down the
price of prescription drugs.
Some in Washington talk about a need for “entitlement reform.” That translates to possible cuts to Social Security, Medicare, or Medicaid — or all three. One crucial element should not be missed: These safety net programs work in tandem. Changes to one affect another. Just-released data show this is particularly true for older Americans, whose financial and health security depend on these programs working in concert.
A new report from the Kaiser Family Foundation lays bare this interdependence. Nearly three-quarters of retirees see little to no annual increase in their Social Security income after they pay their Medicare hospital and drug premiums.
Read more from this article via The Hill.
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‘We’re hopeful to come up with entitlement reform and deficit reduction plans in the first 30 days,’ said newly elected House Freedom Caucus Chairman Mark Meadows.
via Roll Call.
Related Reading:
- In the Fight for Retirement Security, It’s 2005 All Over Again… But Ten Times Worse.
- Senate
GOP leader Mitch McConnell has perpetuated the myth that
Social Security and Medicare have “driven the [national] debt,” going
so far as to call these cherished entitlement programs “the single
biggest threats to our future."
What is Equal Time?
Our project, EQUAL TIME, will bust through the myths and misleading statements in the news about Social Security and Medicare. We will find and correct the factual errors and politically charged perspectives.
Have you seen a story in which media got it wrong?
If so, let us know and we’ll track it down and provide the truth about Social Security and Medicare.
House Speaker Paul Ryan (R-Wis.) on Wednesday said House Republicans will aim to cut spending on Medicare, Medicaid and welfare programs next year as a way to trim the federal deficit.
“We’re going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,” Ryan said during an interview on Ross Kaminsky’s talk radio show.
Health-care entitlements such as Medicare and Medicaid “are the big drivers of debt,” Ryan said, “so we spend more time on the health-care entitlements, because that’s really where the problem lies, fiscally speaking.“
via The Hill.
Related Reading:
After Passing Senate Tax Bill, GOP to Target Seniors’ Earned Benefits.
- As if to confirm the warnings of seniors’ advocates, Republicans have signaled that their next targets after the tax bill are Social Security, Medicare, and Medicaid.
- Senator Marco Rubio (R-FL) admitted as much in an interview with Politico last week, declaring that spending cuts in earned benefits programs will be necessary to pay for tax cuts for the wealthy and multinational corporations.
National Committee President, House Dems Decry GOP Tax Plan’s "Dire” Impact on Seniors.
- The tax bill will trigger an immediate $25 billion cut to Medicare unless Congress quickly waives the PAYGO provision of federal budget law.
- Both Medicare and Medicaid – which helps seniors afford long-term care – are targeted for deep cuts in the GOP budget plan.
May is Older Americans Month, but the Trump administration and Congressional Republicans are putting a serious damper on the celebration. Yes, candidate Trump promised not to touch Social Security, Medicare, and Medicaid.
But his administration has been actively undermining those pledges. Budget Director Mick Mulvaney — who once called Social Security a Ponzi scheme — questioned the legitimacy of Social Security Disability Insurance — and wouldn’t promise a Presidential veto of legislation to privatize Medicare (a pet project of House Speaker Paul Ryan).
President Trump champions the GOP’s American Health Care Act, which guts
Medicaid, undermines the solvency of Medicare, and allows insurers to
charge older Americans up to five times as much as people in their 20s.