GOP Senate Plan Cuts Billions From Medicaid, Medicare, Education, Food Stamps: Report
Senate Republicans are planning to cut $5.071 trillion from Medicare, Medicaid, educational Pell Grants, food stamps, housing aid and other domestic programs over the next ten years, according to a new report on the Republican 2018 budget.
Democrats on the Senate Budget Committee released a five-page report, obtained by POLITICO, that says the Republicans could cut Medicare by $473 billion and cut Medicaid by $1 trillion.
According to the report, the massive cuts in social safety net programs would pay for lower corporate tax rates, which President Donald Trump has pushed hard for.
The report also says that Pell Grants could be cut by $100 billion, Section 8 housing assistance by $37 billion and the National Institutes of Health by $37 billion.
The Republican plan does not specify where the massive cuts will happen, but Senate Budget Committee will begin marking up the budget resolution today.