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Premium Support: Coming Soon to a Medicare Plan Near You?

BY ROGER COLLIER Unnoticed by most of the media, the Congressional Budget Office recently released a report that could profoundly change American seniors’ healthcare coverage. The report updates a 2013 CBO analysis of the potential impact of switching Medicare to a premium support system. Under such a system private plans would compete with the traditional

Republicans are using some very shaky math to justify drilling in the Arctic refuge

The Congressional Budget Office said drilling would raise $1.1 billion for the government over the next decade, but it's going to be less than a fifth of that.

Senators want to prioritize preventive care cost savings

U.S. Sen. Angus King is among a group of lawmakers who wants the Congressional Budget Office to prioritize the role of prevention in health care. King, a Maine independent, is … Click to Continue »

McKinsey Global Institute Agrees With Trump Administration on Growth

One of the issues that has been raised in the debate over tax cuts is how fast the economy can grow. The Congressional Budget Office (CBO) is projecting growth averaging just 1.9 percent annually over the next decade. This is based on...Show More Summary

Tax Bill Will Change Your Life, For Worse

The New York Times: The tax cut package, for instance, could trigger rules mandating cuts to Medicare, the government health care program for seniors, the Congressional Budget Office warned. Some 13 million people could lose health care via the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Senate Tax Reform Would Not Raise Taxes on the Poor

For more than a week now, some media outlets have been running wild with “distributional tables” from the Joint Committee on Taxation and the Congressional Budget Office claiming that — as a CNN headline last night put it, though the...Show More Summary

Senate Tax Bill: Middle Receives Largest Cuts

The distribution effects of the Senate tax bill are examined in a Washington Post story. Reporter Heather Long looks at the bill’s Obamacare mandate repeal, based on a new Congressional Budget Office (CBO) study. A table in the study...Show More Summary

Senate GOP tax bill could hurt low-income americans more than expected

According to a report from the Congressional Budget Office, the tax bill could negatively affect Americans in the lowest income brackets. Video provided by Newsy        

The CBO Just Released Its Analysis of the Senate Tax Bill

Last night, the nonpartisan Congressional Budget Office released its analysis of the Senate tax bill. The report concludes that the GOP’s tax bill is bad for the poor from the get-go, and ends up eventually raising taxes on the middle class too. Per the Washington Post: By 2019, Americans earning less than $30,000 a year would be […]

The Republican Tax Plan Is Even More Devastating to the Poor Than Previously Thought

The latest CBO report finds Americans making less than $30,000 would be substantially worse off. A new analysis from the Congressional Budget Office updates its findings on the Senate Republicans' tax cuts bill, finding that it hits lower-income people much harder than originally estimated. Show More Summary

Senate Republican tax plan hurts the poor while cutting taxes for the rich, CBO finds

The Senate Republican tax plan would harm the poor while slashing taxes for the rich, according to a report from the nonpartisan Congressional Budget Office published Sunday. A chart from the CBO report shows that the federal government raises revenues from the poorest Americans, while loses revenue on tax cuts for the richest Americans. Show More Summary

If You Care about Social Security and Medicare, You Should Care about these Tax Bills

The Joint Committee on Taxation, Congressional Budget Office, and Tax Policy Center agree that, without significant changes, the House-passed tax bill (the Tax Cuts...

Mandates and hardship exemption thresholds

The Senate tax bill may be taking a whack at the individual mandate for health insurance.  There are two very different analysis of the impacts.  The Congressional Budget Office (CBO) thinks that this is a big deal.  They project a savings of $338 billion dollars over ten years and 13 million more people being uninsured.  […]

CBO: GOP Tax Plan Cuts $25 Billion from Medicare

If the House GOP tax plan passes, it is projected to cut revenue significantly, likely increasing the deficit by $1.456 trillion from 2018 to 2027, according to the Joint Committee on Taxation and Congressional Budget Office (CBO). With...Show More Summary

Republicans May Target Entitlement Programs to Reduce Deficit

3 weeks agoNews : NYTimes: News

The possibility appeared more likely after the Congressional Budget Office warned that the tax bill could set off a rule that would make cuts to Medicare over the next decade.

Dynamic Score Not Ready as House Vote Nears

“A full analysis of the economic effects of the House tax bill isn’t available yet, according to a Congressional Budget Office document released on Monday. It’s not clear if such an estimate will be ready before the House votes later [...]

The CBO Takes Another Look at the Mandate and Deficit

The Congressional Budget Office released its updated estimate on the effects of repealing the ACA’s individual mandate last night. Its differences from the previous report, issued in December, have raised eyebrows as they show a smaller...Show More Summary

Thursday's Morning Email: GOP Presses Forward With Tax Plan Despite Election Shellacking

According to the Congressional Budget Office, the current GOP tax plan would add $1.7 trillion to the national debt.

The individual mandate and its effects

I was asked a couple of questions about the new Congressional Budget Office estimate of the impacts of repealing the individual mandate. I’ll walk through them as best I can: ? Federal budget deficits would be reduced by about $338 billion between 2018 and 2027 (see Table 1). ? The number of people with health […]

'Seriously?': Shep Smith and Fox Business Reporter Rip Republican 'Comical' Tax Plan Apart

Even Trump's favorite network knows it's a scam. According to the Congressional Budget Office, the GOP’s new tax plan will raise the national debt by $1.7 trillion over the next decade. According to Fox News’ Shep Smith, that’s laughable. Show More Summary

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