Drudge Retort: The Other Side of the News
Wednesday, November 15, 2017

If the House GOP tax plan passes, it is projected to cut revenue significantly, likely increasing the deficit by $1.456 trillion from 2018 to 2027, according to the Joint Committee on Taxation and Congressional Budget Office (CBO). With a number that large, Congress's "pay as you go" rules that prevent unchecked spending would fall into place, a move that could cut Medicare's budget by as much as $25 billion for 2018. In a letter to House minority whip Steny Hoyer (D-MD), the CBO explained that without any more money to offset the fall in revenue, the Office of Management and Budget (OMB) would be required to issue a "sequestration order" to reduce spending in 2018 by $136 billion.

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The effects of this sequestration order would trigger automatic cuts to various programs, including Medicare. According to the CBO, this could be as much as 4% for Medicare, which amounts to $25 billion in 2018. Furthermore, all non-exempt programs would be eliminated, which include some farming subsidies, border security, and student loan help. Others, like Social Security, would remain untouched.

At the same time, the tax plan's changes to the estate and gift taxes would cut revenue $151 billion from 2018 to 2027, according to the JCT. Only 4,700 estates were large enough to be subject to the estate tax as the 2017, since the exemption is over $5 million.

Because of the rules exempting or limiting how much can be cut from certain programs, the CBO also estimated that the reductions would not make up for the need for money to pay for what Congress "bought."

Touching Medicare has been traditionally considered explosive, and some have noted the "pay as you go" rules give Democrats leverage in the tax bill debates.

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Money for the rich, death for the poor.

At least the GOP is wearing it's values on its sleeve these days.

Now if they would just stop pretending to give a damn about anything jesus ever said.

#1 | Posted by SpeakSoftly at 2017-11-15 02:03 PM | Reply | Newsworthy 5

- At least the GOP is wearing it's values on its sleeve these days.

The hoods are off.

And Mackris needs a new sailboat.

#2 | Posted by Corky at 2017-11-15 02:12 PM | Reply

I'm not going to cut Social Security like every other Republican and I'm not going to cut Medicare or Medicaid. Every other Republican is going to cut, and even if they wouldn't, they don't know what to do because they don't know where the money is. I do.

Apparently Trump found out that the money is in Medicare.

#3 | Posted by donnerboy at 2017-11-15 02:30 PM | Reply | Funny: 1 | Newsworthy 2

The money is in taxation. Civilization costs money. taxes are how you pay for it.

You have two choices.

A civilized nation with taxes

or

An uncivilized every man for himself tough luck if you weren't born rich nation without taxes

#4 | Posted by hatter5183 at 2017-11-15 03:10 PM | Reply | Newsworthy 5

Nothing to worry about.
Trump promised never to cut Medicare and Social Security.

#5 | Posted by snoofy at 2017-11-15 03:53 PM | Reply

When you have a nation of oligarchs controlling the government, this is what you get.

Trump conned every single righty that is not in the .1% into voting for him.

#6 | Posted by 726 at 2017-11-15 03:56 PM | Reply | Newsworthy 1

The other thing that is being omitted from the hype is that all the tax cuts for the middle class expire in 2025 while the cuts for the top rates and the estate tax cut and the business tax cuts are permanent

#7 | Posted by hatter5183 at 2017-11-15 04:03 PM | Reply | Newsworthy 2

The GOP and Russia conned the "Independents' into not voting for Hillary.
Admittedly the GOP has been working at it for 30 years.
But it took Russia to really drive it home.

#8 | Posted by snoofy at 2017-11-15 04:03 PM | Reply

Senate tax cuts are permanent for businesses but temporary for you
money.cnn.com

You peasants get a little bribe in order to make you ok with your government blowing up the budget to give away trillions to corporations and rich sociopaths.

Of course your little bribe will be wiped out by your higher health care prices, if you can even keep your insurance.

#9 | Posted by SpeakSoftly at 2017-11-15 04:07 PM | Reply | Newsworthy 1

Groundhog's Day again. Obama's healthcare and tax policies were supposed to increase our deficit by larger amounts than these...but we are still chugging along fine. At least Trump's tax plan reduces some things that have caused my taxes to go up because of Obama. It's a shame others don't get the same benefit though.

#10 | Posted by humtake at 2017-11-16 12:29 PM | Reply

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"Of course your little bribe will be wiped out by your higher health care prices, if you can even keep your insurance."

Well, I wonder if they will say we can keep our doctors still...

#11 | Posted by humtake at 2017-11-16 12:30 PM | Reply

Groundhog's Day again. Obama's healthcare and tax policies were supposed to increase our deficit by larger amounts than these...but we are still chugging along fine. At least Trump's tax plan reduces some things that have caused my taxes to go up because of Obama. It's a shame others don't get the same benefit though.

#10 | POSTED BY HUMTAKE AT 2017-11-16 12:29 PM | REPLY |

You are delusional. Unless you are already very wealthy Trumps tax plan does not do anything for you except a small temporary bribe at the cost of much higher health care premiums for everyone. The only permanent tax breaks only apply to corporations and the small handful of people who have enough wealth to pay estate taxes

#12 | Posted by hatter5183 at 2017-11-16 02:39 PM | Reply

Well, I wonder if they will say we can keep our doctors still...

#11 | Posted by humtake

lol

If this piece o crap so-called "tax_cut" passes you will be lucky to be able to keep your health care.

~13 million Americans won't be so lucky.

#13 | Posted by donnerboy at 2017-11-16 03:10 PM | Reply | Funny: 1 | Newsworthy 1

MAGA!

#14 | Posted by WhoDaMan at 2017-11-16 05:38 PM | Reply

Good!
Get rid of the Department of Energy,Education,Welfare and Homeland Security. They are all redundant or the responsibility of the States.

#15 | Posted by Federalist at 2017-11-16 10:17 PM | Reply

#13 | Posted by donnerboy
You better check your numbers.
More people have given up healthcare under Obama Care (they just pay the penalty. which is just what Obama wanted. Another Tax.) than have taken the free healthcare.

#16 | Posted by Federalist at 2017-11-16 10:21 PM | Reply

Federalist is really going full ------ tonight.

#17 | Posted by REDIAL at 2017-11-16 10:21 PM | Reply

LOL that Homeland Security is on your list.

#18 | Posted by snoofy at 2017-11-16 10:21 PM | Reply

#17 | Posted by REDIAL
More nice word and insults than offering an opinion. Mighty Liberal of you.

#19 | Posted by Federalist at 2017-11-16 10:22 PM | Reply

#18 | Posted by snoofy
Already covered by 13 other alphabet divisions.
Do you know when HLS was started?

#20 | Posted by Federalist at 2017-11-16 10:24 PM | Reply

"More people have given up healthcare under Obama Care (they just pay the penalty. which is just what Obama wanted. Another Tax.) than have taken the free healthcare."

Well since health care isn't free under Obamacare, if just one person pays the penalty, then it's necessarily more than the zero people who have taken the imaginary free health care.

Now, the real question is, did you know that already, or are you just repeating someone else's misleading statement?

#21 | Posted by snoofy at 2017-11-16 10:24 PM | Reply

"Do you know when HLS was started?"

Yeah, it was shortly after September 10, 2001.

#22 | Posted by snoofy at 2017-11-16 10:25 PM | Reply

#22 | Posted by snoofy
Brown Shirts.

#23 | Posted by Federalist at 2017-11-16 10:28 PM | Reply

There's nothing in the Constitution which says we can't have Brown Shirts.

#24 | Posted by snoofy at 2017-11-16 10:29 PM | Reply

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