Was Medicaid cut? Are tips taxed? What you should know about Trump's household bill

Topline

The house approved a republican budget on Tuesday, which includes massive tax cuts and additional border wall financing, some of which could be paid for the expenditure of Medicaid – although the specific details of the expenditure plan are in flow.

Key facts

What could happen to Medicaid?

The expenditure plan stipulates that the House Energy and Commerce Committee cuts 880 billion US dollars out of the programs that can be supervised in the next decade, which cannot be achieved without a reduction in Medicaid, even if the committee can be reached to 0 US -Dollar lowers. However, some Republicans have argued that Medicaid's expenditure by roots of waste and fraud that they say can be reduced in the program, while Trump swore that Medicaid will not give shortcuts for Medicaid after his administration. The House Ways and Means Committee, for example, suggests that up to $ 35 billion can be determined in savings by completing non-state citizens from “federal health programs, including preliminary tax loans and medicaid”.

What does the plan say about the debt border?

It teaches the House Ways and Means Committee to increase the debt limit by $ 4 trillion from US $ 36.1 to $ 40.1 trillion. The Federal Government reached its credit wave in January and triggered the Ministry of Finance to take “extraordinary measures” or a number of accounting maneuvers to further pay for her bills, which former finance minister Janet Yellen warned. The budget would actually increase the debts more than the current forecasts of the congress budget office, according to the non-partisan center for budget and political priorities, and even with the increase in the debt limit, the federal government would surpass its loan border at the end of next year.

What tax cuts could be included?

The tax cuts of 4.5 trillion US dollars, which depends on the expenditure plan for 2 trillion US dollars. If the legislator cannot achieve the program cuts of 2 trillion US dollars, the tax cuts are reduced by the remaining amount. The majority of tax cuts would be due to an extension of the Trump tax law in 2017, which will cost around 4 trillion dollars in the next decade. Apart from the extension of the law on tax cuts and jobs for 2017, the Republicans will have the task of designing budget parameters to achieve Trump's goal, to eliminate taxes for tips, social security and overtime, the latter of which over the next decades 750 billion US -Dollar could cost.

What does the plan say about border financing?

It requires 300 billion US dollars for border and defense spending in the next decade. The House Ways and Means Committee has inserted $ 18 billion for 734 miles of new border wall and 17.8 billion US dollars for other obstacles and proposed to stop 3,000 new border officials, which cost $ 12.6 billion in the next few decades would, according to a list of potential expenditure priorities.

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