US EditionRepublicans can have their tax cuts and benefits, too
- House Republicans passed a budget plan to extend expiring tax cuts this year.
- Lawmakers seek spending cuts to offset the cost of extending the tax reductions.
- The plan aims for $2 trillion in cuts and directs a committee to find $880 billion in savings.
- Extending tax cuts could increase deficit spending by $4.5 trillion, while a Medicare proposal could save $150 billion.
- Medicaid and Medicare enrollees could lose coverage, while Medicare's trust fund faces insolvency by 2036.
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Omaha World-Herald+24 Reposted by 24 other sources
Republicans can have their tax cuts and benefits, too
Congressional Republicans face some tough math. They want to extend tax cuts, set to expire this year, that would add perhaps $4.5 trillion in new deficit spending. To offset such extravagance, they plan to come up with $2 trillion in…
·Omaha, United States
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Total News Sources27
Leaning Left2Leaning Right2Center22Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
C 85%
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