Will the 2018 GOP-Led Tax and Spending Debate Will Be Even Worse Than Last Year?

House Speaker Paul Ryan Still Pushing for Welfare “Reform” of Social Security, Medicare and Medicaid in 2018 Spending Debate

On January 1, 2018, Forbes magazine reported that the “2018 GOP-Led Tax and Spending Debate Will Be Even Worse Than Last Year.”

The four reasons that Forbes gives for why this year will be worse than last year are:

  1. Given that 2018 is election year, Congress will have less time to do anything. “There will be frequent and longer congressional recesses in 2018 than there were in 2017 so incumbents running for reelection can spend more time in their districts or states.”
  2. The decrease in the Republican’s majority in the Senate will make it harder for Majority Leader Mitch McConnell (R-KY) to get the votes that he needs to pass legislation. “The one-vote change from 52-48 to 51-49 because of Doug Jones‘s (D-AL) win over Roy Moore in December will make agreements among Senate Republicans and between the House and Senate GOP on any issue far more difficult, but especially on anything having to do with taxes, spending, the deficit and national debt.”
  3. With only a continuing resolution that expires January 19 in place, the budget for FY 2018 has not yet been finalized. “Democrats are insisting that the next funding bill include a resolution of The Deferred Action for Childhood Arrivals situation while Trump is saying he won’t agree to anything on DACA (and, therefore, 2018 appropriations) without money for his wall.”
  4. Last, but not least and probably of the most importance to those working to end homelessness. “Although McConnell has already said the Senate won’t consider it, the House, led by Speaker Paul Ryan (R-WI), seems hell-bent on considering big spending cuts in the undefined category of “welfare reform.” While there have been some indications that Social Security, Medicare and Medicaid may not be included in this group, House GOP uber-conservatives seem to think this is the exact right time to do what was previously unthinkable.” Many low-income Americans rely on Social Security and Medicaid and without it may be at risk for homelessness.

Forbes magazine contributor Stan Collender warns about:

  • A late or totally inconsequential Trump 2019 budget
  • More Trump/GOP-proposed huge increases in the budget deficit and national debt
  • A massive “technical corrections” tax bill
  • A very, very messy 2019 budget resolution

2018 GOP-Led Tax and Spending Debate Will Be Even Worse Than Last Year

Follow us on Apple News

Subscribe to Our Newsletter for News You Can Use Everyday

Subscribe to Our Weekly Newsletter Delivered on Friday

1 commentcomments closed