Trump says Gutting Medicare Could Be a Fun Second-Term Project

[wvit1001]

Mr. Trump has shown little inclination to prioritize deficit reduction, and has instead considered policies that would add to the debt. The president has mused in recent days about reducing the taxes that investors pay on capital gains, a move that is estimated to add $100 billion to deficits over the next decade. He has also talked about cutting payroll taxes, which could reduce revenues by $75 billion a year for every percentage point cut in payroll tax rates.

The president also wants to make permanent many of the temporary individual tax cuts contained in the 2017 law, which are scheduled to expire in 2025. The budget office forecast assumes those cuts expire and tax revenues rise; if they do not, future deficit projections would be even larger.

Conservative groups—which largely supported Mr. Trump’s tax cuts—have pushed Congress to cut future deficits by reducing benefits for federal health care and retirement programs, like Medicare and Social Security. “Something must be done soon,” the conservative advocacy group FreedomWorks said in a news release on Wednesday, “and that means taking a hard look at mandatory spending, the root cause of the United States’ fiscal woes.”


https://www.vanityfair.com/news/2019/08/donald-trump-republicans-federal-deficit?utm_brand=vf&mbid=social_twitter&utm_social-type=owned&utm_medium=social&utm_source=twitter

[Local5th]

You afraid Trump will gut medicare surpluses before the left guts it with medicare for all?

[Truman62]

You GOPpers are ALWAYS looking for ways to make Americans suffer, even more than our enemies.

Why is that?