have both claimed that Republicans are simply targeting “waste, fraud, and abuse” in their tax bill, which passed the House last week.
He said he wished the bill cut spending more, but he argued the Medicaid cuts are already “relatively tough things to do politically,” and that Republicans can’t cut more and expect to pass the bill.
Even as Sacks acknowledged a basic truth that Republicans have denied — the Trump tax bill cuts Medicaid — he tried to spin the work requirements as a positive thing, as Republican leaders are doing now.
At least he admitted what his boss, Donald Trump, won’t: Republicans are about to make huge cuts to Medicaid.
And they’re doing so to help fund more big tax cuts for the super rich.
With their new tax bill, which will heavily cut Medicaid, the government health insurance program for low-income and disabled Americans, in order to further enrich the wealthy, President Donald Trump and Republican leaders continue to act as though they are not reducing Medicaid.
Trump and House Speaker Mike Johnson (R-La), who has made numerous pledges to safeguard Medicaid. asserted that Republicans’ tax bill, which was approved by the House last week, is only aimed at “waste, fraud, and abuse.”.
“This bill cuts $880 billion from Medicaid over a decade,” stated David Sacks, Trump’s “AI and crypto czar,” in a more straightforward explanation of the Medicaid situation on his All In podcast on Saturday. “.”.
The wealthy are anticipated to gain disproportionately from the GOP’s reconciliation legislation, just like they did from Trump’s 2017 tax law. Even households making less than $51,000 annually will see a decrease in their after-tax income as a result of this year’s bill.
Additionally, the Congressional Budget Office, which is impartial, estimates that it will force at least 10 million Americans off of Medicaid. Mainly, work requirements—the requirement that all Medicaid recipients who are physically capable work at least 80 hours per month—will be used to accomplish this carnage.
These requirements would supplement the program’s current income caps, which have failed at the state level in the past. Together, these factors imply that Medicaid recipients will have to work at low-paying jobs and submit to onerous paperwork requirements in order to keep their insurance. Because of the additional red tape, many eligible recipients will probably lose coverage.
Nevertheless, the president and Republican leaders have attempted to claim that they are not genuinely reducing Medicaid and that their proposed changes won’t negatively impact their constituents, who are entitled to the program.
Last week, Trump claimed that his tax bill only addresses “waste, fraud, and abuse for Medicaid,” and he assured his working-class supporters that the legislation would not result in their losing their health insurance. He will undoubtedly cause some of his supporters to lose their health insurance. ).
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Johnson lied when he said, “We have not cut Medicaid,” during an interview on Face the Nation on Sunday. Republican efforts are merely focused on “fraud, waste, and abuse,” he continued. “”.
“Republicans Are Strengthening Medicaid,” according to a memo released last week by the National Republican Congressional Committee, which chooses Republican lawmakers. In an attempt to defend the program and “ensure Medicaid serves those who need it,” it called on Republicans to take the offensive. “.”.
In the All In podcast, venture capitalist and Trump special government employee Sacks acknowledged that the Republican tax bill “cuts $880 billion from Medicaid,” eschewing some of this facade. The cuts are “controversial and politically tough,” he said. “”.
Sacks was defending against the claim that the Trump tax legislation ought to do more to cut spending during the podcast discussion. Although he stated that he hoped the bill would reduce spending even more, he contended that Republicans cannot cut Medicaid further and still expect the bill to pass because the cuts are already “relatively tough things to do politically.”.
Sacks attempted to paint the work requirements as a good thing, just like Republican leaders are currently doing, even though he acknowledged a fundamental fact that Republicans have denied: the Trump tax bill cuts Medicaid.
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He claimed, “It imposes work requirements for able-bodied adults.”. In essence, this is similar to what Bill Clinton said when he implemented welfare reform in 1996: you cannot be a slacker and still receive assistance. “”.
Republicans, according to Republican Speaker Johnson, are merely attempting to get rid of “29-year-old males sitting on their couches playing video games.”. “When you make young men work, it’s good for them,” he stated on Sunday. This he presented as “moral.”. “”.
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Sacks, who is worth at least hundreds of millions of dollars, calling the poor people whose insurance they are terminating “lazy couch-surfers” is even more offensive than Republicans calling them such.
If nothing else, he acknowledged what his boss, Donald Trump, won’t: Republicans are planning to drastically reduce Medicaid. They are also doing this to help finance additional significant tax breaks for the wealthy.
