Friday, December 1, 2017

NYT claims 2010 Obama Paygo law would require mandatory spending cuts under the Republican tax bill

From the story here:

The biggest program affected would be Medicare, the health insurance program for older people and the disabled. But the law allows Medicare to take only a relatively small cut: 4 percent. Other programs have no such protection. ... [Paygo] requires that legislation that adds to the federal deficit be paid for with spending cuts, increases in revenue or other offsets.