Here are the preliminary spending cut proposals from the GOP. Pay no attention to the Orwellian headings. The proposals are often the opposite of what they say. (For instance “strengthening Medicare for seniors” by cutting it by $479 billion makes no sense.)
SPENDING REFORM OPTIONS
Policy Explainer
Topline Savings: $5.3 – $5.7 T
- REPEAL MAJOR BIDEN HEALTH RULES ($420B)
- STRENGTHEN MEDICARE FOR SENIORS ($479B)
o Site Neutral – $146B
o Uncompensated Care – $229B
o Bad Debt – $42B
o BCA Mandatory Sequester Extension – $62B- MAKING MEDICAID WORK FOR THE MOST VULNERABLE ($2.3T)
o Per Capita Caps – up to $918B
o Equalize Medicaid Payments for Able Bodied Adults – up to $690Bo Limit Medicaid Provider Taxes – $175B
o Lower FMAP Floor – $387B
o Special FMAP Treatment for DC – $8B
o Repeal American Rescue Plan FMAP Incentive – $18B
o Medicaid Work Requirements – $120B- REIMAGINING THE AFFORDABLE CARE ACT (ACA) ($151B)
o Recapture Excess Premium Tax Credit – $46B
o Limit Health Program Eligibility Based on Citizenship Status – $35Bo Repeal the Prevention Public Health Fund – $15B
o Appropriate Cost Sharing Reductions – $55B- ENDING CRADLE-TO-GRAVE DEPENDENCE ($347B)
o Reinstate the Trump-era Public Charge Rule — $15B
o Reduce TANF by 10 Percent – $15B
o Eliminate the TANF Contingency Fund — $6B
o Reform the Thrifty Food Plan — up to $274B
o Eliminate the Social Services Block Grant – $15B
o SNAP Reforms – $22B- REVERSING BIDEN CLIMATE POLICIES ($468B)
o Discontinue the Green New Deal Provisions in the 2021 Infrastructure Bill – $300Bo Repeal EV Mandate – $112B
o Repeal IRA green energy grant s– $56B- OTHER: ($917B-$1T)
o End the Student Loan Bailout – $200-330B
o Rescind all Unspent COVID Money – $11B
o Auction Spectrum – $60 billion
o Repeal Orderly Liquidation Authority – $22 billion
o Increase FERS Contributions – $45 billion
o Other federal employee benefit reforms – $32 billion
o Restrict emergency spending to recent average—$500B
o Eliminate the TSP G Fund Subsidy – $47B- POTENTIAL TAX OFFSETS: ($227-$527B)
o Green energy tax credits – $200 – $500B, depending on political viability
o SSN CTC Requirement – $27B
It’s all very bad. But sitting here in Santa Monica where the smoke hasn’t yet cleared and the fires still rage, it’s stunning that they are prepared to slash all climate change mitigation policies, even Green new Deal programs that bring jobs to their own constituents.
They’re trying to kill us. That’s all there is to it.