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President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.
Top Republicans are passing around a 50-page list of ideas on how to cover the cost of a tax cut and immigration crackdown bill, including cuts to Medicaid and a 10 percent tariff on all imports. The list also includes tax cut proposals, such as lowering the corporate tax rate and eliminating income taxes on tips.
Here are a few options under consideration (a sample from a 50-page document)
WAYS AND MEANS COMMITTEE
• House G.O.P. Floats Medicaid Cuts and More to Finance Trump’s Huge Agenda
(Catie Edmondson and Andrew Duehren, NY Times, 1-23-25)
---Read: Draft Options for G.O.P. Cost Cuts for Tax Bill (Ways and Means Committee)
Download the original document:
https://static01.nyt.com/newsgraphics/documenttools/28cb85c5ed1f6c52/44e83eb4-full.pdf
Here are a few items from the 50-page list of Republican proposals:
Limit Federal Health Program Eligibility Based on Citizenship Status
Up to $35 billion 10-year savings
"Currently, many non-citizens who entered the country illegally are eligible for federal health care programs including advance premium tax credits and Medicaid. This policy would remove specified categories of non-citizens from eligibility for federal health care programs."
Eliminate Medicare Coverage of Bad Debt
Up to $42 billion 10-year savings
"Medicare currently reimburses hospitals at 65 percent of bad debt (uncollected cost-sharing that beneficiaries fail to pay), while private payers do not typically reimburse providers for bad debt. This policy brings Medicare more in line with the private sector by gradually reducing the amount that Medicare reimburses providers for bad debt."
Eliminate Inpatient-only List
Up to $10 billion in 10-year savings
Eliminate the inpatient-only list so more same-day surgeries and procedures can be performed in lower cost, outpatient settings
Reform IRA's Drug Policies
Up to $20 billion in 10-year costs
Reform the Inflation Reduction Act's prescription drug policies to discourage price setting on innovative drugs treating rare patient populations.
HOMELAND SECURITY COMMITTEE
Border wall funding appropriation
No score yet; deficit increase
The Homeland Committee would like funds to build border barriers, including the "Trump Wall" (a 33 ft high concrete barrier) along 700+ miles of the border.
The Homeland Committee estimates $ 18 billion for 734 miles of new wall, $7.8 billion to replace legacy fencing/vehicle barriers, and another $ 10 billion for additional secondary barriers.
Leadership stated the need for Rio Grande River buoys but no specifics were provided.
Again, Download the original document:
https://static01.nyt.com/newsgraphics/documenttools/28cb85c5ed1f6c52/44e83eb4-full.pdf