Thursday, January 16, 2025

Potential Republican Cuts?

Politico published a list of cuts that House Republicans are supposedly considering supposedly to fund Trump's tax cuts and mass deportation agendas. I've included the list but I have no way of knowing either how accurate the list is or how accurate the savings numbers are. The savings are over 10 years.

PENDING REFORM OPTIONS

Policy Explainer

Topline Savings: $5.3 - $5.7 T

1. REPEAL MAJOR BIDEN HEALTH RULES ($420B)

2. STRENGTHEN MEDICARE FOR SENIORS ($479B)

o Site Neutral – $146B

o Uncompensated Care – $229B

o Bad Debt – $42B

o BCA Mandatory Sequester Extension - $62B

3. MAKING MEDICAID WORK FOR THE MOST VULNERABLE ($2.3T)

o Per Capita Caps - up to $918B

o Equalize Medicaid Payments for Able Bodied Adults - up to $690Bo Limit Medicaid Provider Taxes - $175B

o Lower FMAP Floor - $387B

o Special FMAP Treatment for DC – $8B

o Repeal American Rescue Plan FMAP Incentive – $18B

o Medicaid Work Requirements - $120B

4. REIMAGINING THE AFFORDABLE CARE ACT (ACA) ($151B)

o Recapture Excess Premium Tax Credit – $46B

o Limit Health Program Eligibility Based on Citizenship Status - $35Bo Repeal the Prevention Public Health Fund – $15B

o Appropriate Cost Sharing Reductions - $55B

5. ENDING CRADLE-TO-GRAVE DEPENDENCE ($347B)

o Reinstate the Trump-era Public Charge Rule -- $15B

o Reduce TANF by 10 Percent – $15B

o Eliminate the TANF Contingency Fund -- $6B

o Reform the Thrifty Food Plan -- up to $274B

o Eliminate the Social Services Block Grant – $15B

o SNAP Reforms – $22B

6. REVERSING BIDEN CLIMATE POLICIES ($468B)

o Discontinue the Green New Deal Provisions in the 2021 Infrastructure Bill – $300B

o Repeal EV Mandate – $112B

o Repeal IRA green energy grant s– $56B

7. OTHER: ($917B-$1T)

o End the Student Loan Bailout – $200-330B

o Rescind all Unspent COVID Money – $11B

o Auction Spectrum – $60 billion

o Repeal Orderly Liquidation Authority – $22 billion

o Increase FERS Contributions – $45 billion

o Other federal employee benefit reforms – $32 billion

o Restrict emergency spending to recent average—$500B

o Eliminate the TSP G Fund Subsidy – $47B

8. POTENTIAL TAX OFFSETS: ($227-$527B)

o Green energy tax credits – $200 - $500B, depending on political viability

o SSN CTC Requirement – $27B 

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