GOP, Medicaid and Tax Cut
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While on the presidential campaign trail last year, Donald Trump promised workers in Las Vegas that he would eliminate taxes on tips. It was a popular proposal – so popular, in fact, that his competitor Kamala Harris embraced the idea as well.
The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.
The administration wants to restrict what it calls a "loophole" in its process for approving tax waivers for states' Medicaid payments.
The Centers for Medicare & Medicaid Services May 12 issued a proposed regulation that would change how states may structure provider taxes for purposes of generating revenue for their Medicaid programs.
The Trump administration is seeking to end a controversial tax on Medicaid providers that has allowed New York to draw down billions in federal dollars, putting hospitals and nursing homes at risk of losing money.
The proposal threatens states’ ability to fund state supplemental payment programs for Medicaid, which providers rely on as a boost for revenues.
Trump has said for months that he wanted to end the federal income tax on Social Security benefits. About 6.3 million Californians receive Social Security benefits.
Physicians would see higher Medicare rates in 2026 and beyond, but reimbursements under alternative payment models would decrease.
The proposal, which is to be considered this week by a key House panel, omits some of the furthest-reaching reductions to the health program but would leave millions without coverage or facing higher costs.
WASHINGTON – House Republicans plan to enact work requirements and more frequent eligibility checks for Medicaid, according to a proposal released late on May 11 by a key GOP-led committee.
Bringing an end to overtime pay taxes was a campaign promise from President Donald Trump in the run up to the 2024 election. He recently renewed that pledge, telling a crowd of supporters in Michigan during a speech to mark his first 100 days in office that he plans to end federal taxes on overtime, tipped and Social Security income.
As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a subject of intense debate.