Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

Trump says public entitlements like Social Security, Medicaid won’t be touched in GOP budget bill

by admin May 1, 2025
May 1, 2025
Trump says public entitlements like Social Security, Medicaid won’t be touched in GOP budget bill

President Donald Trump said public entitlements, such as Social Security and Medicaid, will not be touched in the GOP’s contentious new budget bill currently working its way through Congress, during a town hall Tuesday night hosted by NewsNation.

Earlier this month, the Republican-led House of Representatives approved $2 trillion in spending cuts. Those cuts did not include any slashes to Social Security, but it did pave the way for cuts to Medicaid. 

However, in the Senate, Republicans have proposed implementing just $4 billion in cuts, a fraction of what House Republicans have called for. Meanwhile, a number of GOP senators have also expressed hesitancy over making cuts to Medicaid, setting up a potential intra-party battle over the matter.

‘We’re not doing anything with entitlements,’ Trump told NewsNation’s Chris Cuomo, who was moderating the event alongside Bill O’Reilly and sports commentator Stephen A. Smith.

‘If you look at Social Security – and by the way – I think I’m better to say this than anybody, because I did nothing with entitlements that would hurt people for four years. I could have done that. If I was going to do that, I would have done it, five years ago, six years ago or seven years ago. I’m not doing anything.’ 

However, Trump did say that he is undeterred from reforming public entitlements, like Medicaid, to ensure they are free of waste, fraud and abuse. 

‘There are a lot of illegal aliens that are getting Medicaid that shouldn’t be getting it. And nobody objects to taking people off Medicaid that aren’t allowed to be there,’ Trump added. ‘But we are doing absolutely nothing to hurt Medicare, Medicaid or Social Security. Nothing at all.’

Republicans, who are using a process known as reconciliation to bypass a senate filibuster, are hoping to finalize their plans for a new budget by Memorial Day, according to media reports. However, the GOP must come to a deal on where to cut funding to pay for many of the tax cuts they want to provide. 

‘Guess what, boys? It’s game time. We’re here, and you’ve got mandatory spending sitting in front of you, and it’s Medicaid,’ Rep. Chip Roy, R-Texas, told NBC News this week. ‘If they’re not going to vote for Medicaid reform, which is very much possible, and frankly, it’s our duty, then I want them to explain to me why they are for allowing the tax cuts to snap back in place. Because it’s the only math that will actually work. So anyone who is against Medicaid reform is for a tax increase.’

Meanwhile, centrist Republicans like Reps. Jeff Van Drew, R-N.J., and Don Bacon, R-Neb., have indicated to Speaker Mike Johnson that they will not vote for any GOP budget bill that proposes deep cuts to Medicaid.

This post appeared first on FOX NEWS

previous post
Parents of Hamas hostages urge Trump to be ‘tough with enemies and friends’ amid Israeli siege in Gaza
next post
The ‘F-word’: Schumer says Trump’s first 100 days can be distilled to single utterance

Related Posts

Howard Lutnick confirmed as Trump’s commerce secretary

February 19, 2025

NRSC chair reveals how many GOP Senate seats...

February 22, 2025

FBI Deputy Director Bongino: Illegal alien criminals and...

May 11, 2025

Democratic pols ditch Twitter after Elon Musk takeover,...

December 28, 2024

Trump cautions ‘bad things’ in store if Iran...

March 29, 2025

State Dept defends human rights abuse report changes,...

April 22, 2025

Supreme Court Chief Justice Roberts issues warning on...

January 2, 2025

Israel eyes Iran nuke sites amid reports Trump...

December 14, 2024

‘Refuse to be their puppet’: Top 5 moments...

January 31, 2025

Which countries impose the highest tariffs on the...

April 3, 2025

Recent Posts

  • Navigating Earnings: Three Stocks, Three Different Stories
  • Unlock the Power of StockCharts’ NEW Market Summary Dashboard | Walkthrough & Tips
  • Trump defends Qatar jumbo jet offer as troubled Boeing fails to deliver new Air Force One fleet
  • Trump says China agrees to ‘fully’ open country’s markets to US businesses
  • Senior House Republican eviscerates Dems for ‘fear campaign’ against Trump’s ‘big, beautiful bill’

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Navigating Earnings: Three Stocks, Three Different Stories

    May 13, 2025
  • Unlock the Power of StockCharts’ NEW Market Summary Dashboard | Walkthrough & Tips

    May 13, 2025
  • Trump defends Qatar jumbo jet offer as troubled Boeing fails to deliver new Air Force One fleet

    May 13, 2025
  • Trump says China agrees to ‘fully’ open country’s markets to US businesses

    May 13, 2025
  • Senior House Republican eviscerates Dems for ‘fear campaign’ against Trump’s ‘big, beautiful bill’

    May 13, 2025
  • Trump official targeted in Biden-era ‘disinformation’ dossier still under wraps days after Rubio revelation

    May 13, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 3

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (342)
  • Investing (1,105)
  • Politics (1,377)
  • Stocks (434)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2025 bullhedging.com | All Rights Reserved