Latest news with #FinanceCommittee
Int'l Business Times
3 hours ago
- Health
- Int'l Business Times
GOP Senator Ridiculed for Insisting Americans 'Transitioning From Medicaid' Will Get Insurance From Employers: 'Do Employers Know?'
A Republican Senator is being ridiculed online for stating that the millions of people that will be removed from Medicaid if President Donald Trump's "one big, beautiful bill" passes will then transition to employer-provided healthcare. Oklahoma Senator James Lankford appeared on CNBC's 'Squawk Box' in conversation with host Rebecca Quick on Thursday, where he discussed the potential impacts of the Trump-back GOP spending bill. "People are screaming and saying, 'It's kicking people off Medicaid.' It's not kicking people off Medicaid. It's transitioning from Medicaid to employer-provided healthcare. So yes, we've got 10 million people that are not gonna be on Medicaid, but they then are gonna be on employer-provided healthcare," said Lankford. Social media users reacted incredulously, mocking Lankford for assuming that millions of people would immediately have access to employer provided healthcare options. "Do the employers who don't provide health insurance know??" said one user. "Except when your minimum wage job has no healthcare," said another. "So it's kicking people off medicaid," wrote a third. "That's IF the employer provides healthcare that is affordable! These are working poor who live paycheck to paycheck and have little left to afford healthcare!" concurred a fourth. Lankford, who is a member of the Finance Committee, met with Trump to discuss the tax and spending bill on Wednesday. He continued to outline what exactly legislators discussed with Trump in the meeting. "About a two hour conversation about what's happening on taxes, what are agreements going to be, what direction we're going to try and take. It was broad in many areas. The House has already passed their piece, the Senate has got to pass our piece then that's going to line up with the House and the President has got to sign. It's very important that we align all three right now, so it was a coordination meeting yesterday quite frankly," said Lankford. Originally published on Latin Times
Yahoo
a day ago
- Business
- Yahoo
Trump to shore up support among Senate GOP at White House meeting
Senate Republicans will try to chart a path forward for the "One Big Beautiful Bill Act" during a series of meetings on Wednesday -- including one where the President Donald Trump will work to shore up support for the megabill that advances his legislative agenda Republican members of the powerful Senate Finance Committee will go to the White House to meet with Trump at 4 p.m. Wednesday, multiple White House and Hill sources confirm. The Finance Committee is responsible for writing the tax policy components of the bill, including the extension of the Trump 2017 tax cuts, a key priority for the package. MORE: CBO estimates Trump's bill could add $2.4T to deficit, leave 11 million without health insurance The House-passed legislation also boosts spending for the military and border security -- while making some cuts to Medicaid, SNAP and other assistance programs. It could also add $2.4 trillion to the deficit over the next decade, according to a new analysis out Wednesday from the nonpartisan Congressional Budget Office. The Senate Finance Committee's Republican members are expected to attend the meeting, including Majority Leader John Thune and GOP Whip John Barrasso, who are both on the panel. Republican Sen. Ron Johnson, who is at odds with the White House and is pushing for deeper cuts than those in the bill the House sent to them, is expected to be at the meeting as a member of the committee, too. Appearing on ABC News Live Wednesday, Johnson attacked the bill, saying it "doesn't meet the moment." Senate Republicans are separately expected to meet behind closed doors as a conference on Wednesday to discuss the parameters of the bill as a group. Thune has so far not made clear what his strategy will be for moving the package through the upper chamber. As things currently stand, Thune can only afford to lose three of his GOP members to pass the package, and right now, he has more members than that expressing serious doubts about the bill. MORE: Elon Musk privately expresses frustration on a range of recent moves by Trump administration: Sources Trump's meeting with the committee is an opportunity for the president to attempt to sway those senators who have concerns about the bill. Earlier this week, Trump worked the phones and took meetings with many of those senators including Republican Sens. Rand Paul, Josh Hawley, Rick Scott and Johnson. Trump also met with Thune to talk through moving the House-backed bill through the Senate as expeditiously as possible. Lawmakers aim to send a bill to Trump by the Fourth of July. "At the end of the day, failure is not an option," Thune said at a news conference Tuesday, adding that he thinks the conference can meet the timing goal. Trump works to allay senators' concerns at the same time Elon Musk attacks the bill online, calling it a "disgusting abomination" in a post on X Tuesday. Musk even chastised those who supported the bill. "Shame on those who voted for it: you know you did wrong. You know it," Musk wrote.
a day ago
- Business
Trump to shore up support among Senate GOP at White House meeting
Senate Republicans will try to chart a path forward for the "One Big Beautiful Bill Act" during a series of meetings on Wednesday -- including one where the President Donald Trump will work to shore up support for the megabill that advances his legislative agenda Republican members of the powerful Senate Finance Committee will go to the White House to meet with Trump at 4 p.m. Wednesday, multiple White House and Hill sources confirm. The Finance Committee is responsible for writing the tax policy components of the bill, including the extension of the Trump 2017 tax cuts, a key priority for the package. The House-passed legislation also boosts spending for the military and border security -- while making some cuts to Medicaid, SNAP and other assistance programs. It could also add $2.4 trillion to the deficit over the next decade, according to a new analysis out Wednesday from the nonpartisan Congressional Budget Office. The Senate Finance Committee's Republican members are expected to attend the meeting, including Majority Leader John Thune and GOP Whip John Barrasso, who are both on the panel. Republican Sen. Ron Johnson, who is at odds with the White House and is pushing for deeper cuts than those in the bill the House sent to them, is expected to be at the meeting as a member of the committee, too. Appearing on ABC News Live Wednesday, Johnson attacked the bill, saying it "doesn't meet the moment." Senate Republicans are separately expected to meet behind closed doors as a conference on Wednesday to discuss the parameters of the bill as a group. Thune has so far not made clear what his strategy will be for moving the package through the upper chamber. As things currently stand, Thune can only afford to lose three of his GOP members to pass the package, and right now, he has more members than that expressing serious doubts about the bill. Trump's meeting with the committee is an opportunity for the president to attempt to sway those senators who have concerns about the bill. Earlier this week, Trump worked the phones and took meetings with many of those senators including Republican Sens. Rand Paul, Josh Hawley, Rick Scott and Johnson. Trump also met with Thune to talk through moving the House-backed bill through the Senate as expeditiously as possible. Lawmakers aim to send a bill to Trump by the Fourth of July. "At the end of the day, failure is not an option," Thune said at a news conference Tuesday, adding that he thinks the conference can meet the timing goal. a post on X Tuesday. Musk even chastised those who supported the bill.
Yahoo
2 days ago
- Business
- Yahoo
Council awards nonprofit grants
HIGH POINT — The City Council has approved grants for 28 local nonprofits in its annual outside agency funding allocations. The awards total $465,500 out of $1.79 million that was requested by 50 agencies. The funding will be included in the city's new budget that will take effect July 1, which the council adopted Monday. In approving the funding, the council stuck to its long-standing policy of allocating no more than the value of one-third of a penny on the city's property tax rate, which equals approximately $465,804. The individual award amounts were recommended by the council's Finance Committee, which used a new city policy aimed at making the grant process more objective by using scoring criteria for projects. The new policy also seeks to ensure that city funds are used by nonprofits on their programs or projects that benefit the community and not for their internal operations. In approving the funding on Monday, Mayor Cyril Jefferson and council members Patrick Harman and Tyrone Johnson recused themselves from votes involving specific grants to organizations they or their immediate family members serve as voting board members or employees. The recusals were to comply with a state law that requires elected officials to abstain from approving funds to nonprofits with which they have ties. The agencies awarded grants are: • A Simple Gesture, $5,000. • A Special Blend, $5,000. • Big Brothers Big Sisters of the Central Piedmont, $5,000. • Boys & Girls Clubs of Greater High Point, $15,000. • C3 — Community Collaboration for Children, $15,000. • Carl Chavis YMCA, $20,000. • Carolina Core Football Club Academy, $9,000. • Commander Peace Academy, $8,000. • D-Up, $12,000. • Friends of John Coltrane, $10,000. • Greater High Point Food Alliance, $25,000. • Helping Hands High Point, $10,000. • High Point Arts Council, $60,000. • High Point Community Against Violence, $12,000. • High Point Discovered, $10,000. • High Point LEAP, $12,500. • High Point Schools Partnership, $15,000. • Macedonia Family Resource Center, $20,000. • Mental Health Associates of the Triad, $17,000. • Open Door Ministries, $50,000. • Piedmont Triad Film Commission, $7,000. • High Point by Design Foundation, $20,000. • Salvation Army, $20,000. • Theatre Art Galleries, $15,000. • Triad Food Pantry, $20,000. • West End Ministries, $30,000. • Youth Focus, $8,000. • YWCA of High Point, $10,000. In adopting the budget, the council added a $50,000 grant for the Southwest Renewal Foundation. It did not take action on pending nonprofit requests from the UNC-Greensboro Tenant Education Advocacy Mediation program, which assists tenants facing eviction, and an additional request from the High Point Schools Partnership to keep its youth mentoring position funded. The council said it plans to consider these requests in the coming months and may use the city's remaining balance of $154,984 in federal American Rescue Plan Act funds.
Axios
3 days ago
- Business
- Axios
Senate GOP maps July 4 "stretch" goal
Senate Majority Leader John Thune on Monday sketched an ambitious timetable for passing a compromise budget bill, telling members of the Finance Committee they need to move quickly to meet a July 4 deadline for President Trump's signature. Why it matters: Pens need to be put down soon. Thune (R-S.D.) is signaling to his conference that debating and drafting will need to end in order to meet their deadline. "The leadership is going to try to hit the president's goal of getting this done by July 4, which means things are going to have to move much faster," Sen. John Cornyn (R-Texas) told reporters. Sen. Thom Tillis (R-N.C.), said the target was for the Finance Committee to get a draft out by the end of the week, describing that as "a stretch goal." Zoom in: There are still deep concerns in the GOP conference about both the ratio of tax and spending cuts, Medicaid spending and which green energy tax cuts to preserve — and for how long. "I didn't hear the leader say no to anybody," Sen. Ron Johnson (R-Wis.) said after the meeting. "Part of what we have to do is just come to agreement on, you know, what's core," Tillis said. Zoom out: Senators expect the White House to get more involved and help them resolve their differences in the coming days. Thune met with Trump today. The president also spoke to Sen. Josh Hawley (R-Mo.) who claimed Trump"said again, NO MEDICAID BENEFIT CUTS," on X. Johnson, who also said he spoke with Trump, told reporters before the meeting: "I still think that this thing has to be a multi-step process." Between the lines: Senate GOPers have for months been telegraphing some of the policy changes they want to make on taxes. It's long been a goal of Senate Finance Committee Chair Mike Crapo (R-Idaho) to make three provisions of Trump's 2017 tax bill — R&D deduction, bonus depreciation and interest expensing — permanent. They expire after five years in the House version. And there's a desire to lower the $40,000 SALT deduction that blue-state House Republicans fought so hard to include in their version. The bottom line: The Joint Committee on Taxation put its latest estimate at $3.8 trillion for how much the tax cuts in the House-passed bill will cost. That's roughly $20 billion less than their earlier forecast.
