The price tag for President Donald Trump’s legislative agenda is quickly adding up, particularly as Republicans eye making expiring tax cuts permanent that could cost $5 trillion to $11 trillion.
Entitlements and Medicaid could be on the chopping block by slashing eligibility with work requirements, as the White House sets its sights on funding cuts that go beyond discretionary spending and into mandatory outlays that have historically been unpopular to touch.
Mandatory spending cost $3.8 trillion of the $6.1 trillion in total outlays for fiscal year 2023, with more than half for Social Security and Medicare that Trump and Republicans say are largely off limits. That leaves programs like Medicaid, which provides health insurance to more than 70 million low-income Americans, and entitlements benefits like food stamps and unemployment insurance that could be singled out.
Trump has vowed to “love and cherish” Medicaid, but there's an appetite among Republicans to make it harder to qualify to reduce the program’s cost which topped $616 billion in fiscal year 2023. Trump and Vice President JD Vance have emphasized that cuts to Social Security and Medicare are largely off the table except for fraud and abuse.
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Entitlements and Medicaid could be on the chopping block by slashing eligibility with work requirements, as the White House sets its sights on funding cuts that go beyond discretionary spending and into mandatory outlays that have historically been unpopular to touch.
Mandatory spending cost $3.8 trillion of the $6.1 trillion in total outlays for fiscal year 2023, with more than half for Social Security and Medicare that Trump and Republicans say are largely off limits. That leaves programs like Medicaid, which provides health insurance to more than 70 million low-income Americans, and entitlements benefits like food stamps and unemployment insurance that could be singled out.
Trump has vowed to “love and cherish” Medicaid, but there's an appetite among Republicans to make it harder to qualify to reduce the program’s cost which topped $616 billion in fiscal year 2023. Trump and Vice President JD Vance have emphasized that cuts to Social Security and Medicare are largely off the table except for fraud and abuse.
Complete Article