Republican tops have brought a wide range of ideas to cover the cost of large -scale tax cuts and immigration crackdown bills. All imported goods impose 10 % of tariffs and may have an estimated $ 1.9 trillion. It can provide a new labor requirement for Medicade recipients and save $ 100 billion.
According to a 50 -page option list by the House of Representatives Budget Committee, there are even estimates that increasing taxes to those who can use the gym free of charge in the office can even create $ 20 billion.
The bigger issue for the Republican leadership is to find out what passes the parliament to get President Trump. Since the majority of both houses are small, the two houses offset Mr. Trump’s most expensive costs, soak in the expenditure strong group, which is concerned about the expansion of government debt, and at the same time maintaining fiscal policy. We are looking for an appropriate combination of changes. The support of Nakamichi school members who hate to cut off popular programs increases.
On Wednesday, the Republican Republicans gathered in the parliamentary hall to discuss various options at the table.
It is a political issue to make their duties complicated. The Republican Party is considering target programs aimed at supporting low -income Americans, and all of them are conducting the expenses of tax cuts that will make the wealthy unreasonably. 。
The most important goal is to pass a huge bill that offers tax cuts and crack down on immigrants using a process called “reconciliation”, which avoiding the proceedings, and all Democrats opposed. However, it will be possible to pass the bill by the Senate with a simple half of the period. 。
Many Republican opposition members say they cannot support bills to significantly increase national debt. However, most of the main policies that Trump wants to include in the bill is very expensive. It is expected that the extension of the tax cut, which he signed in 2017, would cost $ 5 trillion.
For this reason, the Republican Party has been looking for a way to offset these costs. The menu of the Budget Committee’s possibilities includes everything, from the major return of the current policy to the results that can be easily achieved. In particular, the proposal is to abolish the major medical assistance system stipulated by the Law on the Medical Expenses Burden, set up an upper limit on the provision of Medicade, and to eliminate policies to exempt on meals and accommodation expenses provided by the employer. It is done.
Let’s take a look at what the Republican Party is considering.
For many years conservative goals such as medicade reduction
The Republican Party has been aiming to reduce Medicare and Medicade, a government program for the elderly and the poverty, and the Budget Committee’s list has reduced the rate of payment of the federal medicade and established the labor requirements for program recipients. Many options for that are outlined.
One of the options raised by the committee is to suppress the expansion of Medicade under the Law of the Medical Expenses, which led to the rapid increase in the number of programs registrants. The ratio of medicade costs paid by the federal government will decrease, and the state burden will increase.
Another idea in the list is to impose medical employment requirements for medical recipients to healthy adults without dependents, and are exempted by pregnant women, students, and dependents. According to the Congress Budget Bureau’s estimation, 600,000 people will lose insurance due to labor requirements, and federal spending will be reduced at least $ 100 billion in the next 10 years.
The aide of the House of Representatives Budget Committee said to clean energy, such as the abolition of tax deductions created under the Inflation Control Law of former President Joseph R. Biden Jr., which aims to reduce medical expenses. The company estimates that if the initiative is reduced, up to 800 billion dollars can be regained. , Reduce the amount of greenhouse gas emissions and raise taxes to companies. This shrinkage also includes the abolition of climate change regulations introduced by the Biden administration. The regulation is to make most of the new car passenger cars and small trucks sold in the United States a full electric vehicle or hybrid vehicle by 2032.
However, eliminating the huge amount of inflation suppression law may be politically dangerous. Some parliamentarians claim that the Republican Party should completely abolish this law, but other members of the Diet, especially constituencies and large -scale clean energy businesses in the state, are parliament. He is pleading to the leader to recognize some measures. Last year, 18 Republican Republicans warned Mike Johnson and warned that if they were completely abolished, they would have the worst scenario that would almost never reward if they spend billions of dollars. 。
The aides who created the budget committee reduction menu seem to be incorporating it into the calculation.
“There are several small reform options to abolish the smaller parts of these credits based on political intentions (the minimum amount is $ 3 billion),” their documents are written. 。 Of course, these options are much less saving, and it is unlikely that the spending hawks who need voting to push for policies will be unlocked.
Dozens of trimming that can increase the cost of American people
The Republican Party is also considering a number of proposals that may impose new costs to Americans, albeit a small change in the national finances. It also includes free gyms in the office and new taxes for meals and accommodation expenses provided by employers.
The Budget Committee’s document also proposes to tax on all tax -exempted scholarships and fellowship income, which will create an estimated $ 54 billion federal revenue.
Profit but politically difficult options, such as abolition of mortgage deductions
The List of the Republican Party contains options that can save several trillion trillion trillion. However, they are likely to face the opposition that can hardly be overcome from lobbyists and some of the same class members.
This proposal includes the abolition of tax deductions for mortgage interest, one of the most important parts of the tax law. According to the Budget Committee’s document, the Republican Party restricted the deduction under the 2017 tax law, but if it was completely abolished, it could save more than $ 1 trillion in 10 years. Real estate agents and members of the suburban regions, which have many housing owners, will probably take these measures.
Tax on imports to the United States, which Trump has frequently claimed, may be profitable. This document includes 10 % of the 10 % tariffs on all items as one of the worth of an option equivalent to about $ 2 trillion, but many Republicans should not be passed by Trump’s tariffs. He says he thinks.
According to the Republican Republican documents, a proposal called a border coordination plan, a proposal for exporting exports, may be raised $ 1.2 trillion. Many economists prefer to tax on products based on the place where the products were produced, not the place where the product was produced, but the Republican Party’s efforts to pass a plan based on the destination are so far. Failed in 2017 because the company opposed it.
The Republican Republican menu includes several other tax hikes, such as not allowed companies to deduct state taxes or local taxes. The business group is already working on organizing this outlook.
Further tax reductions such as chips and overtime pay
The Republican Party is not only in the previous tax reduction but also in further tax cuts. Mr. Trump appealed to exempted various forms of income, including chips and overtime pay.
The Republican Republican documents provide hints on how Congress actually approaches Trump’s ideas. For example, their suggestions that do not tax on chips are exempted from income tax only. In other words, chip income is still subject to salary taxes that fund social security and medical care.
If the proposal is made like that, the amount of workers who are receiving chips at low wages will decrease. In addition, the ability to claim the entire retirement allowance and medical insurance has been maintained, and the overall cost of tax reduction, which is said to cost $ 106 billion in the Budget Committee’s document, has been reduced.
At the same time, according to the Budget Committee, if you do not tax overtime, it may cost $ 750 billion in 10 years.
The Republican Republican member of the Republican Party hopes to raise the upper limit of $ 10,000 for state and local tax deductions as part of the bill. The document estimates that raising the upper limit to $ 30,000 for a couple and a $ 15,000 for individuals will cost $ 500 billion, and some members want to further raise the upper limit. 。
Trump has shown in a document that the House of Republican Republican is considering reducing the corporate tax rate to 15 % after lowering the corporate tax rate to 21 % in 2017.
