The Trading Basics
  • Politics
  • World
  • Stocks
  • Investing
  • Editor’s pick
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

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

0
FacebookTwitterPinterestEmail
previous post
Clarification to Offtake & Distribution Agreement
next post
Master the 18/40 MA Strategy: Spot Trend, Momentum & Entry

You may also like

Trump continues to defend Qatar gifting US $400M...

May 14, 2025

The Great Biden Coverup: Aides debated whether to...

May 14, 2025

Trump targets massive investments in first Middle East...

May 13, 2025

Free ride: Allies, even Laura Loomer, turn on...

May 13, 2025

Hamas claims it will release American hostage Edan...

May 12, 2025

Anti-abortion provider measure in Trump’s ‘big, beautiful bill’...

May 12, 2025

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

May 11, 2025

Trump vows to increase trade with India, Pakistan...

May 11, 2025

Mexico sues Google for changing ‘Gulf of Mexico’...

May 10, 2025

Denmark PM says ‘you cannot spy against an...

May 10, 2025
  • Divided by a border, united by fear: Kashmiris pick up the pieces after India-Pakistan step back from the brink
  • Most intense fighting for years rocks Libyan capital
  • Bullish Breadth Improvement Suggests Further Upside For Stocks
  • Tariff Tensions Ease, Nasdaq Soars — But is SMH the Emerging Leader?
  • Trump continues to defend Qatar gifting US $400M jet: ‘We should have the most impressive plane’

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thetradingbasics.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 thetradingbasics.com | All Rights Reserved

    The Trading Basics
    • Politics
    • World
    • Stocks
    • Investing
    • Editor’s pick