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Common Dreams: 'They're Not Just Cutting Medicaid': GOP Bill Would Trigger Over $500 Billion in Medicare Cuts
Common Dreams - 'They're Not Just Cutting Medicaid': GOP Bill Would Trigger Over $500 Billion in Medicare Cuts
"This is what Republicans do—pay for massive tax breaks for billionaires by going after programs families rely on the most: Medicaid, food assistance, and now Medicare."
Jake Johnson
May 21, 2025
The sprawling reconciliation package that House Republicans are rushing through committee would trigger over $500 billion in automatic cuts to Medicare, according to a Congressional Budget Office estimate released late Tuesday.
The CBO analysis, requested by Rep. Brendan Boyle (D-Pa.), came just hours before Republicans convened a dead-of-night House Rules Committee hearing on the budget legislation as they scramble to meet their Memorial Day deadline.
If enacted, the Republican bill would add trillions of dollars to the deficit over the next decade by delivering another round of tax cuts skewed to the rich, partially offset by huge cuts to Medicaid and other programs.
According to the CBO, the bill's addition to the deficit would trigger a process known as sequestration under the Statutory Pay‑As‑You‑Go (PAYGO) Act of 2010, a law long reviled by progressives that requires spending cuts equal to legislation's average deficit impact.
Unless lawmakers offset the deficit impact of the Republican bill or agree to waive the PAYGO requirements—which the GOP measure does not do—the Office of Management and Budget (OMB) "would be required to issue a sequestration order not more than 14 days after the end of the current session of Congress (excluding weekends and holidays) to reduce spending by $230 billion in fiscal year 2026," the CBO said.
/snip
"This is what Republicans do—pay for massive tax breaks for billionaires by going after programs families rely on the most: Medicaid, food assistance, and now Medicare."
Jake Johnson
May 21, 2025
The sprawling reconciliation package that House Republicans are rushing through committee would trigger over $500 billion in automatic cuts to Medicare, according to a Congressional Budget Office estimate released late Tuesday.
The CBO analysis, requested by Rep. Brendan Boyle (D-Pa.), came just hours before Republicans convened a dead-of-night House Rules Committee hearing on the budget legislation as they scramble to meet their Memorial Day deadline.
If enacted, the Republican bill would add trillions of dollars to the deficit over the next decade by delivering another round of tax cuts skewed to the rich, partially offset by huge cuts to Medicaid and other programs.
According to the CBO, the bill's addition to the deficit would trigger a process known as sequestration under the Statutory Pay‑As‑You‑Go (PAYGO) Act of 2010, a law long reviled by progressives that requires spending cuts equal to legislation's average deficit impact.
Unless lawmakers offset the deficit impact of the Republican bill or agree to waive the PAYGO requirements—which the GOP measure does not do—the Office of Management and Budget (OMB) "would be required to issue a sequestration order not more than 14 days after the end of the current session of Congress (excluding weekends and holidays) to reduce spending by $230 billion in fiscal year 2026," the CBO said.
/snip
5 replies
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