Search results
Results from the WOW.Com Content Network
Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected.
“If Congress prioritizes tax cuts that reduce government revenue, there could be pressure to reform entitlement programs like Social Security,” he said. “This might lead to reduced benefits ...
But Trump recently told NBC’s Kristen Welker in a “Meet the Press” exclusive that entitlement programs will be off the table for cuts this time around. “I won’t do it,” he said.
Also known as entitlement spending, in US fiscal policy, mandatory spending is government spending on certain programs that are required by law. [1] Congress established mandatory programs under authorization laws. Congress legislates spending for mandatory programs outside of the annual appropriations bill process. Congress can only reduce the ...
He sponsored an amendment that would have reduced the deficit by cutting $355 billion in spending with $129 billion of the cuts coming from entitlement programs (the actual bill cut entitlement spending by only $42 billion). The amendment would have eliminated any tax increases.
Though Reagan protected entitlement programs, such as Social Security and Medicare, [35] in one of the most widely criticized [36] actions of the administration, the administration attempted to purge tens of thousands of allegedly disabled people from the Social Security disability roles, who the administration alleged were not truly disabled. [36]
The U.S. spends over $1 trillion on more than 80 of these taxpayer-funded programs, prompting U.S. House Ways and Means Committee Chairman Jason Smith, R-Mo., to request the CBO analyze ...
Starting April 1, 2013 the sequester cut 2% of the Medicare budget, primarily targeting oncologist reimbursements. [22] Since oncologists cannot change the drug prices, they argue that the entire 2 percent cut will have to come out of the 6 percent overhead they use to cover the cost of storing and administering the medication. [23]