Tag: Bill Cassidy

President Trump’s Budget Would Add $7.2 Trillion in Federal Deficits Over 10 Years
Welfare

President Trump’s Budget Would Add $7.2 Trillion in Federal Deficits Over 10 Years

(WASHINGTON) — President Donald Trump unveiled a $4.4 trillion budget for next year that heralds an era of $1 trillion-plus federal deficits and — unlike the plan he released last year — never comes close to promising a balanced ledger even after 10 years.
Tax revenue would plummet by $3.7 trillion over the 2018-27 decade, the budget projects.
The spending spree, along with last year’s tax cuts, has the deficit moving sharply higher with Republicans in control of Washington.
Trump’s plan sees a 2019 deficit of $984 billion, though $1.2 trillion is more plausible after last week’s budget pact and $90 billion worth of disaster aid is tacked on.
That’s more than double the 2019 deficit the administration promised last year.
All told, the new budget sees accumulating deficits of $7.2 trillion over the coming decade; Trump’s plan last year projected a 10-year shortfall of $3.2 trillion.
The 2019 budget was originally designed to double down on last year’s proposals to slash foreign aid, the Environmental Protection Agency, home heating assistance and other nondefense programs funded by Congress each year.
“A lot of presidents’ budgets are ignored.
“In fact, Congress passed a law last week that basically undid the budget before it was even submitted.” In a preview of Monday’s release, the White House on Sunday focused on Trump’s $1.5 trillion plan for the nation’s crumbling infrastructure.
The White House is putting focus this year on Trump’s long-overdue plan to boost spending on the nation’s crumbling infrastructure.

Jimmy Kimmel Accused a Senator of Lying About His Health Care Bill. Who’s Right?
Welfare

Jimmy Kimmel Accused a Senator of Lying About His Health Care Bill. Who’s Right?

Jimmy Kimmel Accused a Senator of Lying About His Health Care Bill. In an appearance a week earlier on CNN, Mr. Cassidy had coined the “Jimmy Kimmel test” when he was asked about insurance companies capping their payouts to customers.
Avalere Health, a Washington-based consulting firm, estimated the states would lose $215 billion federal funding through 2026.
But according to all three groups, Florida would lose billions by 2026.
The current law “has layer on layer of requirements and prohibitions, all of which are aimed toward ensuring that people with health issues have the same access as people who are healthy,” said Timothy Jost, an expert on health care at Washington and Lee University.
Mr. Kimmel is correct that the bill authorizes block grants through Dec. 31, 2026, with no mention of funding after that year.
Two senators introduced a bipartisan bill to extend funding for five years on Sept. 18, but funding for CHIP expires Sept. 30 and Congress has yet to reauthorize the program.
When the senator appeared on Mr. Kimmel’s show in May, they found considerable common ground, but Mr. Cassidy did not make the specific promises Mr. Kimmel said he did — at least, not on the show.