U.S. Budget & OBBB | OCT 1 - Gov’t Shutdown Begins

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donbosco said:
"Altogether, the state will lose $49.9 billion in Medicaid funding over 10 years, with more than 70 percent of the loss coming from cuts to hospital expenditures, according to the document, which was assembled by subject matter experts and top NCDHHS officials. The document was presented online by four of those officials Wednesday to legislators and staff.

“Hundreds of thousands of North Carolinians are expected to lose health coverage,” the document states. “In addition, without a statutory change, the new administrative costs for work requirements will likely trigger the NC law that ends Medicaid expansion, resulting in coverage loss for 671,476 people.”

avlwatchdog.org

State’s rural hospitals will lose $3.7 billion in Medicaid and SNAP could end, legislative document states • Asheville Watchdog

North Carolina’s rural hospitals will face $3.7 billion in Medicaid cuts and the state could be forced to end its Supplemental Nutrition Assistance Program (SNAP) following passage of President Trump’s One Big Beautiful Bill, according to a state General Assembly briefing document obtained by...
avlwatchdog.org avlwatchdog.org
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Very Sad
 
donbosco said:
Gonna Hurt the Red parts of #DeepChatham.
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Actually Siler City voted Blue and it will hurt folks there too...but all of the countryside to the south and west will also be SOL. Blue Pittsboro/North Chatham will be close enough to Chapel Hill or Raleigh.
 
While MSM and the feckless (Dems, too) were mesmerized by Epstein shiny objects (Look over there!), including the FAKE WSJ lawsuit and FAKE request for Grand Jury documents (lol as if)...the appropriations BILLIONAIRE BANK ROBBERY is followed the Rescissions A$$ RAPE Bill.

Passed this week through a VD Vance tie breaking vote and by 3 in the House with hardly a peep of protest from DEMS,

Project 2025 has figured out due to the Harry Reid loophole, that they can pass anything, not matter or stupid, cruel, or greedy as a budgetary bill - needing only 50 votes in the Senate...as Congress yet again.

There will be more DOGE Rescissions A$$ RAPE Bills to come! Saving almost no real $$ while billionaires, hedge fund managers, and the prison-industrial complex and the military-industrial complex rake in PROFITS.

https://www.newsnationnow.com/politics/rescissions-bill-clawback-foreign-aid-broadcasting/
 
donbosco said:
"Altogether, the state will lose $49.9 billion in Medicaid funding over 10 years, with more than 70 percent of the loss coming from cuts to hospital expenditures, according to the document, which was assembled by subject matter experts and top NCDHHS officials. The document was presented online by four of those officials Wednesday to legislators and staff.

“Hundreds of thousands of North Carolinians are expected to lose health coverage,” the document states. “In addition, without a statutory change, the new administrative costs for work requirements will likely trigger the NC law that ends Medicaid expansion, resulting in coverage loss for 671,476 people.”

avlwatchdog.org

State’s rural hospitals will lose $3.7 billion in Medicaid and SNAP could end, legislative document states • Asheville Watchdog

North Carolina’s rural hospitals will face $3.7 billion in Medicaid cuts and the state could be forced to end its Supplemental Nutrition Assistance Program (SNAP) following passage of President Trump’s One Big Beautiful Bill, according to a state General Assembly briefing document obtained by...
avlwatchdog.org avlwatchdog.org
Click to expand...
They. Don't. Care.

 


“… The legislation allows more medications to be exempt from Medicare’s price negotiation program, which was created to lower the government’s drug spending. Now, manufacturers will be able to keep those prices higher.

The change will cut into the government’s savings from the negotiation program by nearly $5 billion over a decade, according to an estimate by the nonpartisan Congressional Budget Office.

… The new exemptions will apply to the third round, affecting prices starting in 2028. Had the new rules been in place earlier, several drugs that are currently up for price cuts would have been spared, including Imbruvica and Pomalyst, which treat rare forms of cancer.…”
 

House Panel Approves Spending Bill That Rejects Some Trump Foreign Aid Cuts​

The Republican-led House Appropriations Committee put forth legislation that would slash the foreign aid and State Department budget but salvage some programs that the president wants to defund.

www.nytimes.com

House Panel Approves Spending Bill That Rejects Some Trump Foreign Aid Cuts

The Republican-led House Appropriations Committee put forth legislation that would slash the foreign aid and State Department budget but salvage some programs that the president wants to defund.
www.nytimes.com www.nytimes.com

“… The measure, if enacted, would still slash the foreign aid and the State Department budget compared with the current year, cutting it by 22 percent, to $46.2 billion. But House Republicans moved to salvage key programs that Mr. Trump is seeking to eliminate altogether, such as for peacekeeping activities, supporting democracies abroad and global health initiatives for family planning and reproductive care.

It would also provide more than four times the funding that the president has requested for international broadcasting activities, despite Mr. Trump’s push to shut down the Voice of Americaand other federally funded news organizations that provide independent coverage in countries with limited press freedom.

Yet even as they voted to provide money for programs the president wants to gut, Republicans proposed handing the White House more power to ignore Congress’ spending dictates altogether. They removed standard language from the spending measure that makes it more difficult for the executive branch to cancel spending that Congress has approved. That drew angry protests from Democrats, who accused the G.O.P. of abdicating the power of the purse.…”
 


“… Unlike some other recent changes, these don’t take effect until 2026—so donors who care about maximizing charitable tax breaks have months to prepare. After that, the changes are permanent, at least until Congress alters the law again.

… To encourage giving, the new tax law … allows donors who don’t itemize on Schedule A to take annual deductions of as much as $2,000 for married joint filers and $1,000 for singles. [This is limited to cash gifts only]

… However, two other provisions will impose new limits on itemized charitable deductions. Donors who list donations on Schedule A won’t get their full benefit, because they’ll forgo an amount equal to 0.5% of their adjusted gross income. In addition, top-bracket taxpayers will only get to take itemized deductions at 35%, not 37%, which will affect charitable donations.

… This provision [the 0.5% haircut for Schedule A filers] imposes a threshold on filers’ itemized charitable contributions on Schedule A. For most, it disallows an amount of the donation that’s equal to 0.5% of adjusted gross income.

For example, a couple who itemizes and has $225,000 of AGI couldn’t deduct $1,125 of their charitable donations.

Note that the disallowance is a fixed amount for each year. So if this couple gives $2,000, their deduction will be $875. That means they will have lost more than half of their deduction. But if they give $5,000, their deduction will be $3,875. In that case, they’ll lose just over 20%.…”

🎁 —> https://www.wsj.com/personal-financ...1?st=oCu54r&reflink=desktopwebshare_permalink
 
nycfan said:


“… The legislation allows more medications to be exempt from Medicare’s price negotiation program, which was created to lower the government’s drug spending. Now, manufacturers will be able to keep those prices higher.

The change will cut into the government’s savings from the negotiation program by nearly $5 billion over a decade, according to an estimate by the nonpartisan Congressional Budget Office.

… The new exemptions will apply to the third round, affecting prices starting in 2028. Had the new rules been in place earlier, several drugs that are currently up for price cuts would have been spared, including Imbruvica and Pomalyst, which treat rare forms of cancer.…”
Click to expand...

Does this mean drug prices won’t come down 5000%?
 

Medicare Part D Drug Plan Premiums Set to Rise​

Trump administration aims to soften the blow by negotiating with insurers​

🎁 —> https://www.wsj.com/health/healthca...c?st=VEiG8A&reflink=desktopwebshare_permalink


“… The subsidy program, which sent extra federal funds to the private insurers that offer the drug benefit—known as Part D—had largely shielded seniors from rising monthly bills in 2025.

It pumped an extra $6.2 billion of federal payments into the Part D plans this year, according to a Medicare official. The Trump administration is set to cut spending on that program by about 40% in 2026.

… Medicare officials didn’t release expected average premium costs, but said the subsidies that remain would save Medicare enrollees with drug plans $13.50 a month on average off of the higher rates….”
 
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