Trump Tax Cuts Will Require Cuts to Medicare or Medicaid

I want to give you a status update on President Trump's massive bill to cut taxes, which includes no tax on tips, no tax on senior social security, no tax on overtime pay, and renewing the Trump tax cuts. So these are from 2017 that are set to expire this year. Now, as you can tell, this bill, it's very ambitious and it's going to be very expensive, so there's going to have to be a give and take. To fund these ambitions, they're going to have to cut spending in other places. So the Congressional Budget Office, the CBO, has given their analysis. They're saying that to achieve what the Republicans are trying to do, they will have to cut Medicare or Medicaid. So let me explain. So here's a simplified explanation. You have to understand that the politicians are not working with an unlimited amount of money because this is based on the budget proposal that they voted on. The budget plan requires $880 billion of mandatory spending cuts in certain areas. $581 billion of cuts have been identified, so the remaining $299 billion to cut needs to come from somewhere. And the only option would be cutting Medicare or Medicaid. Now the analysts are saying that the cuts are more likely to happen to Medicaid than Medicare. So what does Medicaid do or cover? Medicaid provides health insurance primarily to low-income people. So let me give you a breakdown, and this is coming from KFF. 80% of children that are under the federal poverty level receive Medicaid. 48% of adults that are under the federal poverty level receive Medicaid. 41% of disabled adults between the ages of 19 to 64 receive Medicaid. Okay so here's how it works. Medicaid is funded by the federal government and by state governments. So if the federal government decides to cut spending here, then the federal government is simply going to chip in less money for Medicaid. That means that there's going to have to be cuts to Medicaid or the state governments will have to make up the difference. Now I want to show you what the Republicans and Democrats are saying, so I summarized it right here, but then I'm going to show you the video clips of them actually saying it right after this. So the Democrats are saying that the Republicans will cut Medicare and Medicaid to fund Trump's tax cuts. Republicans are saying that they are not targeting Medicare and Medicaid cuts. They're saying that they'll cut $299 billion from Medicare and Medicaid by reducing fraud, waste, and abuse within Medicare and Medicaid. So I don't know what you want to believe, but that's what each party is saying. Now I'm going to show you two video clips. The first one's going to be coming from the Democrats and then from the Republicans. So this will give you a good sense or feel of the situation. I do know this. Last week on the House floor, on a strictly party line vote, they were able to get every single Republican but one to vote for $4 trillion of tax cuts for the richest 1%, funded in part by the largest Medicaid cuts in American history. Republicans can get the votes when they want it. I'll just tell you- Can you guarantee that under any proposal, Medicaid would not be on the chopping block? Look, Medicaid has never been on the chopping block. What we're talking about is finding the- it's non-benefit-related reforms to the program. Medicaid is infamous for fraud, waste, and abuse. I mean, by some estimates, large percentages of the dollars that are allocated there are wasted and stolen. And so we do right to go into those programs and find that and show the people what's happened and make sure it doesn't happen again. And if you eliminate fraud, waste, and abuse in Medicaid, you've got a huge amount of money that you can spend on real priorities for the country. And if you make sure that people who are able-bodied workers, you know, men under the age of 40, for example, who have rolled onto Medicaid and gotten onto the expansion and need to be working, if you add work requirements into Medicaid, it makes sense to people. It's common sense. Little things like that can make a big difference, not only in the budgeting process, but in the morale of the people. You know, work is good for you. You know, you find dignity in work. And the people that are not doing that, we're going to try to get their attention. So everyone needs to take a deep sigh of relief and understand that we're not going to harm any Americans with this. What we're doing is the right thing by the people, and we're excited to be a part of that. That's what you're going to see roll out. And, of course, I mean, I have to show you what President Trump is saying about this. So please take a look. The spending bill that passed last night aims to cut $2 trillion. Can you guarantee that Medicare, Medicaid, Social Security will not be touched? Yeah. I mean, I have said it so many times, you shouldn't be asking me that question, OK? This will not be read my lips. It won't be read my lips anymore. We're not going to touch it. Now, we are going to look for fraud. I'm sure you're OK with that, like people that shouldn't be on, people that are illegal aliens and others, criminals in many cases. And now I want to show you this. So if you saw President Trump's speech last week, then after I show you this, this is all going to make sense. So Congressman Al Green was protesting any potential cuts to Medicare and Medicaid, and he ended up getting kicked out. So I'm going to show you him getting kicked out and then what he says right after. Members are directed to uphold and maintain decorum in the House and to cease any further disruptions. That's your warning. Members are engaging in willful and continuing breach of decorum, and the chair is prepared to direct the sergeant at arms to restore order to the joint session. So you're standing there, you're yelling at the president. What were you saying to him? I was telling him that he does not have a mandate to cut Medicaid. And the speaker told you to sit down and you refused to sit down. And that's why they kicked you out. That is correct. And by the way, if there's a punishment, I will accept the punishment. This is not about me. This is about the people who are going to suffer if Medicaid is cut and if Social Security is cut. We need to raise the cap on Social Security. We need to protect Medicare. And for God's sake, don't cut Medicaid. This is for poor people. Okay, so if you saw President Trump's speech last week and you saw Congressman Al Green getting kicked out, out of context, and everything probably makes perfect sense right now, what happened? Okay, but now I want to tell you this. So there's always the possibility that President Trump backtracks on all these promises about tax cuts. I mean, that's possible, right? But if you saw the speech, within the speech, I want to show you what he said. I mean, he reinforced what he said, so I think it's unlikely that he's not going to put these items in the tax bill. And the next phase of our plan to deliver the greatest economy in history is for this Congress to pass tax cuts for everybody. They're in there. They're waiting for you to vote. And I'm sure that the people on my right, I don't mean the Republican right, but my right right here, I'm sure you're going to vote for those tax cuts because otherwise, I don't believe the people will ever vote you into office. So I'm doing you a big favor by telling you that. But I know this group is going to be voting for the tax cuts. Thank you. It's a very, very big part of our plan. We had tremendous success in our first term with it, a very big part of our plan. We're seeking permanent income tax cuts all across the board and to get urgently needed relief to Americans hit especially hard by inflation. I'm calling for no tax on tips, no tax on overtime and no tax on Social Security benefits for our great seniors. Now, I want to tell you this. Three weeks ago, I made this video Trump tax cuts in twenty twenty five. My prediction on what will happen. I said that it's going to be I said it's going to be very expensive and that these tax promises they're going to be watered down because of the budget limitations. And another big issue or another big question is, will this bill have a chance of passing? OK, so you know that I have no problem giving predictions, right? But in this specific instance, at this point in time, I'll tell you that I have no idea. I don't know. Because first, I want to see the bill. They haven't written it up yet. I want to see the bill and then I want to assess it at that point in time. And then I'll give you my opinion and I'll give you a status update on the situation. So please subscribe. Also, let me know what you think. Thank you for the support and wish you a very nice day. Take care.