Trump's budget would make cuts to food stamps and Medicaid

23 Mai, 2017, 08:32 | Author: Marc Bacque

The Trump administration says it can balance the federal budget within a decade.

- Medicaid would be reduced by more than $600 billion over 10 years by capping payments to states and giving governors more flexibility to manage their rosters of Medicaid recipients. Trump's plan, drawn up by White House budget director Mick Mulvaney, lands as Trump's GOP allies in Congress are grappling with repealing and replacing former President Barack Obama's health care law and looking ahead to a hard rewrite of the loophole-clogged USA tax code.

Details on Trump's budget will not be publicly released until Tuesday, but Mulvaney has briefed Republicans about what's coming and his staff has provided targeted leaks to the media.

Mulvaney did, however, say, "We are not going to measure success by how much money we spend" but rather by how many people are helped.

A Washington Post report said the budget plan assumes the same amount of cuts proposed in the American Health Care Act, the House GOP plan that would roll back parts of former President Barack Obama's health care law.

An earlier blueprint from Trump proposed a $54 billion, 10 percent increase for the military above an existing cap on Pentagon spending, financed by an equal cut to nondefense programs. But speaking to reporters, Mulvaney said extra care was taken to look at "the impact of government spending on people who pay the taxes in the first place", rather than focusing more on people potentially aided by government programs. Trump's education secretary, school choice advocate Betsy DeVos of west MI, will be expected to pitch those proposals to Congress and overcome entrenched Democratic opposition.

The Washington Post reported that the move could see as many as 10 million people lose their benefits in the next decade.

NVIDIA Corporation (NASDAQ:NVDA) Valuation According To Analysts
This change led market cap to move at $79.12B, putting the price -1.05% below the 52-week high and 217.60% above the 52-week low. In related news, insider Jen Hsun Huang sold 41,670 shares of the firm's stock in a transaction dated Thursday, March 9th.


Bradley's 3-pointer gives Celtics 111-108 win over Cavs
He took just three shots and didn't attempt a free throw in the fourth quarter. "They ( Boston ) played hard, they scrapped". After Boston bounced back in Game 3, LeBron is bound for some revenge in Game 4.


Adrien Broner Sentenced To Jail For Contempt Of Court
Broner has previously held the WBO junior lightweight, WBC lightweight, WBA welterweight and WBA super lightweight titles. Broner was later released on $503 bond, telling police he was shot at after leaving a Cincinnati bar.


Rep. Hal Rogers of Kentucky predicted that Trump's foreign aid cuts "will not stand" and called other cuts "draconian, careless and counterproductive".

"This budget continues to reveal President Trump's true colors: His populist campaign rhetoric was just a Trojan horse to execute long-held, hard-right policies that benefit the ultra-wealthy at the expense of the middle class", Senate Minority Leader Chuck Schumer said in a statement Sunday. Farm state lawmakers are already pushing back on proposals to curb agriculture assistance, for instance, and key Republicans are not interested in adding another round of cuts to Medicaid on top of those contained in the ongoing "Obamacare" repeal and replace effort.

The cuts are part of a budget blueprint for the upcoming fiscal year that begins October 1. This represents 25% decrease that would push millions of low income households out of the program.

He is also calling for $2.6 billion to be spent on border security.

Is it realistic to expect Trump to balance the budget? . It would reduce spending on programs like food stamps (or SNAP), Social Security disability insurance benefits, additional income for poor seniors, disabled adults and children (SSI), and public assistance for needy families (TANF).

States also would be required to match 20 percent of federal funding for the program under Trump's 2018 federal budget.

The budget does not call for big changes to the Social Security retirement program or Medicare, which Trump promised during the campaign to preserve.

Conseillé:

  • Henry Onyekuru to Arsenal: Talks opened over deal for in demand striker

    Henry Onyekuru to Arsenal: Talks opened over deal for in demand striker

    Arsenal will not play in the UEFA Champions League next season after finishing fifth in the Premier League. Onyekuru was on target on Saturday as he scored both Eupen's goals in a 3-2 defeat away at Roeselare.
    PSNI officers injured after vehicle  rammed multiple times in Newry

    PSNI officers injured after vehicle rammed multiple times in Newry

    The men involved made off after ramming a police vehicle multiple times and two police officers suffered minor injuries. A PSNI Newry and Mourne spokesperson said: "They were last seen in the area of the Dallan Road / Clonallan Road".

    Korea declares latest ballistic missile launch a success

    The Pukguksong-2 missile flew around 310 and reached an altitude of 350 miles before dropping into the Pacific Ocean. A submarine-launched ballistic missile is displayed during a military parade in central Pyongyang, April 15, 2017.
  • Merkel Shows Willingness to Join France in Bolstering EU

    Merkel Shows Willingness to Join France in Bolstering EU

    In the "next few weeks" they hope to build a roadmap to reforming the Eurozone. She added: "Germany's future lies in Europe".
    Passation de pouvoir entre François Hollande et Emmanuel Macron — Élysée

    Passation de pouvoir entre François Hollande et Emmanuel Macron — Élysée

    Le couple atypique qui a focalisé l'attention du monde entier du fait des 24 ans qui les séparent compte vivre à l'Elysée . Un tête-à-tête qui a duré environ une heure, avant que François Hollande ne quitte le palais présidentiel.
    Pundit feels Alderweireld could abandon Tottenham Hotspur

    Pundit feels Alderweireld could abandon Tottenham Hotspur

    It has been two seasons in a row now that Pochettino's men have stumbled in the closing stages of the title race. Garth Crooks has told BBC Sport that Tottenham Hotspur are in real danger of losing Toby Alderweireld.
  • Dynegy Inc. (NYSE:DYN) Valuation According To Analysts

    The utilities provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.42. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock.
    Gore says Trump can't stop climate movement

    Gore says Trump can't stop climate movement

    He claimed that some US states have already surpassed the climate efforts of former President Barack Obama . Vice President Al Gore said Monday.

    TerraVia Holdings, Inc. (TVIA) Downgraded to Sell at Zacks Investment Research

    It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. The company has mean EPS estimate of -0.18 reported by 1 number of analyst for the quarter ending Aug 7, 2017- Aug 11, 2017.
  • Oil spikes as U.S. inventories tumble by more than expected

    Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close. West Texas Intermediate (WTI) crude CLc1 was up 23 cents, or 0.5 percent, at $46.11 a barrel.

    Israel not mentioned in meeting with Russia

    TMZ surmises that maybe Melania refused to hold her husband's hand because it was a "turbulent flight from Saudi Arabia". The area has been the scene of multiple stabbing attacks by Palestinians targetting Jews over the past couple of years.

    Fate of BC political leaders in voters' hands

    The province has Canada's lowest unemployment rate and has led the country in economic growth two years in a row. There is now a clear urban-rural divide across the province electoral slate, according to B.C. pollsters.


Populaire

Paul Millsap To Test Free Agency, Opt Out Of Hawks Contract
Millsap finished the 2016-2017 season averaging 18.1 points, 7.7 rebounds, 3.7 assists and 1.3 steals over 34.0 minutes per game. While Millsap has expressed a desire to stay in Atlanta, there has been speculation that he may be open to changing teams .

'He's human': Cavs coach defends LeBron after 'weird' loss
James didn't score in the fourth quarter and went only 1 for 8 from the field with one rebound and one assist in the second half. And don't forget his classic Game 4 no-show against Dallas in the 2011 Finals, when he totaled just eight points.

Star Wars Battlefront II Shows The Story Of An Imperial Soldier
Previous reports claimed that EA will release " Star Wars: Battlefront 2 " on PlayStation 4, Xbox One, and PC on Friday, Nov. 17. Thompson discusses how closely EA and LucasFilm are working to ensure that the game stays true to the Star Wars universe.

Former Bush official: Trump speech pushes back on bigoted narrative
Trump said in March that peace between the two states is only possible with "two willing parties". We are not here to tell other people how to live, what to do, who to be, or how to worship.

Man slays neo-Nazi roommates over disrespecting his conversion to Islam
When asked by officers if anyone was hurt, Arthurs replied: "The people in the apartment, but they're aren't hurt, they're dead". He admitted making the explosives but said they were rocket fuel for a 2013 University of South Florida science club project.

Arconic will let activist investor help select new CEO
Arconic also said that Rafael Reif will step down from the board and be replaced by James Albaugh, one of the company's nominees. As part of the agreement, Elliott will be added to the CEO search committee and nominate three members to Arconic's board.

ATP Rome: Stan Wawrinka éliminé en 1/8e de finale par John Isner
Wawrinka avait déjà eu du mal au tour précédent ne gagnent qu'en trois sets contre le Français Benoît Paire (ATP 44). Zverev fera face à un autre puissant serveur en demi-finale, alors qu'il sera confronté à l'Américain John Isner .

Chris Christie: 'I wouldn't let General Flynn in the White House'
Christie says that his lieutenant governor, Kim Guadagno, has done a good job of attracting jobs to the state. The project has come under fire from political opponents, including lawmakers who have sued to stop the plan.

AP Source says Flynn will invoke Fifth Amendment
Trump made the comment while speaking alongside Israeli Prime Minister Benjamin Netanyahu in Jerusalem. Despite knowing of the investigation, Trump appointed Flynn his first national security adviser.

WTA CEO releases statement responding to French Open wild-card announcements
Taking to Twitter today , she said: "If this is what it takes to rise up again, then I am in it all the way, everyday". Maria made a great comeback as she made it to the semi-finals in Stuttgart in her first tournament.