eupolicy.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
This Mastodon server is a friendly and respectful discussion space for people working in areas related to EU policy. When you request to create an account, please tell us something about you.

Server stats:

225
active users

#cbo

0 posts0 participants0 posts today
Continued thread

#Trump's #OneBigBeautifulBill cuts federal #spending on #Medicaid & #AffordableCareAct marketplaces by ~$1 trillion over a decade, acc/to the #nonpartisan #CBO, threatening the physical & financial #health of tens of millions of #Americans.

The bill, which the #Senate passed Tues, would reverse many of the health coverage gains of #Biden & #Obama, whose policies made it easier for millions of people to access #healthcare & reduced the US #uninsured rate to record lows.

npr.org/sections/shots-health-

Continued thread

Even without this bill, the #debt has been expected to reach record levels in the coming decades, with the #nonpartisan #CBO estimating that the debt held by the public, now about the same size as the #economy, would grow to become roughly 56% larger than the economy by 2055. Making the 2017 #TaxCuts permanent could push the debt to become more than twice as large as the economy over the next 30 years, Ms. Riedl said.

Continued thread

The #CBO estimates the Senate bill would increase the deficit by nearly $3.3T from 2025 to 2034, a nearly $1T increase over the #House-passed bill, which CBO has projected would add $2.4T to the debt over a decade.

The analysis also found that 11.8 million more Americans would become #uninsured by 2034 if the bill became #law, an increase over the scoring for the House-passed version of the bill, which predicts 10.9M more people would be without #health #coverage.

"🚨Every claim made by Sen T Scott to ridicule the nonpartisan #CBO turns out to be false."

As part of the GOP campaign attacking the nonpartisan CBO for the grim fiscal projections for the #BBB of tax & spending cuts pending in the, he posted a video *ridiculed for its errors -even received a community note on X.

Rs, esp MOC, are liars like Trump. MSM usually fails to fact-check them. Kudos to the WaPo for holding Sen Tim Scott's feet to the fire.
#Lies #Budget #USPol
washingtonpost.com/politics/20

The Washington Post · Analysis | Tim Scott’s video attacking CBO: Nine errors in 60 secondsEvery claim made by the Republican senator to ridicule the nonpartisan agency turns out to be false

Paul Krugman exposes the "One Big Beautiful Bill Act" as a cruelly regressive law designed to enrich the ultra-wealthy while slashing crucial services for the poorest Americans. The CBO warns of significant economic losses for low-income households, with no deficit reduction in sight. This reflects a troubling alignment with authoritarian practices, prioritizing Trump over democracy. Discover more insights in the full article.

paulkrugman.substack.com/p/rev
#PaulKrugman #Trump #OneBigBeautifulBill #Republicans #CBO #RegressiveTax #Healthcare #FoodSecurity #Democracy #Authoritarianism

Paul Krugman · Reverse Robin Hood and Trumpian TotalitarianismBy Paul Krugman
Continued thread

The #Republican bill’s largest category of spending cuts is in #healthcare, where reductions to #Medicaid & the #AffordableCareAct [#ACA / #Obamacare] total roughly $1 trillion & will result in 10.3 million more Americans losing #HealthInsurance, according to new estimates from the #CBO.

Last-minute changes to the bill, introduced just before it passed the #House, increased the size of cuts to those programs.

Continued thread

The #legislation was expected to add significantly to the #debt, given the enormous cost of extending the #TaxCuts for corporations & the rich that #Republicans put into place in 2017, the central pillar of the bill. #FarRight lawmakers demanded that the party use their total #control of Washington to also slash #spending & contain the cost of the legislation, but the #CBO’s estimate was a reminder that the party fell well short of covering the roughly $3.8 trillion cost of extending the cuts.

Continued thread

The #CBO analysis focused on the version of the bill that passed the #House late last month, but the cost estimate could change as #Republicans in the #Senate begin to put their imprint on the legislation. #GOP lawmakers there want to deepen some of the bill’s tax cuts, while others are pressing to pare back some its #cuts to #Medicaid, the government #healthcare program for the #poor, & #CleanEnergy tax incentives.