Trump tax law could trigger about $500B in Medicare cuts over decade without fix: CBO
Recent analysis from the Congressional Budget Office estimated that Medicare spending would see steep cuts over roughly the next decade absent congressional action, following passage of President Trump’s major tax law last month.
The nonpartisan budget scorekeeper crunched the numbers of potential across-the-board cuts that federal programs could see under the Statutory Pay‑As‑You‑Go Act of 2010 as a result of the enactment of Trump’s sweeping tax and spending bill — which it estimates could cost trillions of dollars over the next 10 years.
The 2010 law, enacted under the Obama administration, seeks to require Congress to ensure new legislation is budget-neutral and can be........
© The Hill
