CBO: GOP TAX BILL TRIGGERS $136 BILLION IN CUTS NEXT YEAR, SLASHING $25 BILLION FROM MEDICARE

Nov 14, 2017
Press Release

CBO: GOP TAX BILL TRIGGERS $136 BILLION IN CUTS NEXT YEAR, SLASHING $25 BILLION FROM MEDICARE

Washington, D.C. – Today Rep. Dina Titus of Nevada’s First Congressional District released the following statement after the Congressional Budget Office estimated that the GOP’s tax scheme will slash $136 billion from Medicare, the Affordable Care Act, and other direct-spending programs if the disastrous proposal becomes law. 

“The GOP tax bill, which will take away billions in deductions from thousands of taxpayers in my district, will not just harm Nevada residents on April 15th. Because the bill is expected to increase the deficit by $1.5 trillion over the next decade, it will also trigger $136 billion in automatic spending cuts to programs that my constituents depend on every day. At least $25 billion from Medicare and billions more from dozens of programs will go on the chopping block. This plan will shift the burden to state and local governments and leave Nevadans without vital resources. We need a tax plan that provides relief to families instead of crushing them.”