- House Republicans have released new details Regarding the GOP tax plan, and increasing the discussion on the reduction of consumption that may affect the medicaid and other support programs. During the call on Monday, democratic government officials criticized the GOP budget bill, saying the reduction of services left vulnerable adults and children struggling with lack of food and limited resources to access medical care.
Democratic financial leaders are pushing quickly and loudly on the GOP budget bill as New Description be EmergeAbout Tax Articles Before Tuesday's House Committee Meeting. The Budget Bill sets the general agenda of federal expenditure, as well as goals and reductions in expenditure that will fund tax cuts.
According to the Tank Tax Policy Center (TPC), initially Analysis It was found that when all revenue groups would benefit from the tax proposal, more than two -thirds of tax cuts could go to households with $ 217,000 or more. 1%higher, those who make more than $ 1.1 million, would see one quarter of tax cuts, TPC reported. In total, the bill would reduce tariffs and 5 trillion over the next 10 years, TPC was obtained.
One of Important issues will be Effect On Medicaidwhich can see $ 880 billion In cuts. Some democrats have suggested a reduction in health care would reduce spending by $ 715 billion.
Monday CallWhich includes democratic treasures from Massachusetts, Washington State, Illinois, and ruler from Houston, financial officials entered the budget bill.
“Republicans are pushing for this Reagan era thinking that if we give the capital of the richest Americans, that it will be restored and in some ways it will stimulate the local economy, expand employment, and share wealth for all,” said the Washington state treasury Mike Pellicchi.
The view is “Date,” he said. In addition, great stability in American business policy has pushed investors and businesses to re -consider their capital strategies in America, Pellicciiotti said. Investors are now looking abroad for investment opportunities because of fear they cannot rely on strong economic policies in America
“The basic law of law that has ruled for almost a century is done by a great test of stress, and those who are wealthy and capital to indulge and get used to this new fact will do so,” Pellicciiotti said.
Illinois treasurer Michael Frerichs said the House Republican are making the game President Trump wanted to reduce the use of health care to fund tax cuts for rich Americans. The effect, said Frerichs, would be that millions of Americans were losing access to health care, as well as hundreds of thousands in Illinois.
“Nations do not have an additional revenue of $ 715 billion,” Frerichs said. “What Trump's Republicans suggest is a budget that takes tariffs pays the federal government and greatly reduces programs that keep the hearts of the hearts and cancer in order to afford the rich cuts.”
He complained that the cost of vegetables, clothing and electronic equipment is increasing because of the “chaos, chaos,” when the overall agenda will result in “tariffs and GI Joes, if you can get on store shelves.”
The White House did not immediately respond to a request for comment.
REPLICAN REP. Brett Guthrie wrote a Wall Street magazine OP-Ed that Democrat would use the tax plan as “an opportunity to get involved with fear” and would distort the bill as a “Medicaid attack.”
“In fact, they save and strengthen the medicaid for children, mothers, people with disabilities and the elderly – whose plan was created.”
Pellicciotti, during Monday's phone, said a combination of reduced health care and infrastructure, as well as tax changes and business policy, would make changes that would reduce the economic environment.
“Based on extra capital through tax breaks, we hope that wealthy investors will continue to move their money abroad,” said Pellicciiotti. “The financial sector and private equitable companies will make what makes their clients a huge profit.”
This story was previously shown Bahati.com
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