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Monday, 17 July 2017 10:21

Bad news for Republicans: Repealing Obamacare taxes won't actually cut taxes (according to Trump)

Written by  Philip Bump
President Trump attends the traditional Bastille Day military parade on the Champs-Elysees in Paris on Friday. (Gonzalo Fuentes/Reuters)

In the wake of the Congressional Budget Office’s analysis of the Republican Senate majority’s proposal to overhaul the Affordable Care Act, an interesting argument has emerged.

The millions of dollars in reduced spending on Medicaid that the Republican bill proposes aren’t actually cuts to Medicaid, because Medicaid spending still goes up.

The argument was epitomized in this tweet from President Trump.

Democrats purposely misstated Medicaid under new Senate bill – actually goes up. pic.twitter.com/necCt4K6UH

— Donald J. Trump (@realDonaldTrump) June 28, 2017

We’ll get to the legitimacy of that argument in a second. For now, though, I’d like to raise some alarm bells for the president: By that logic, the gutting of the taxes on high-income earners that was originally part of the Senate bill doesn’t count as a tax cut.

After all, the case that Trump is making depends on the upward trajectory of that line of spending. In fuller context, compared to spending that is anticipated under the existing law, the drop in spending is clear. It’s the part with the gray diagonal lines.

Read more at WashingtonPost

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