Will Trump's new spending bill cut Medicaid and Medicare?

[AgnosticBoy]

Congress just passed Trump's new spending bill that he calls the "Big Beautiful Bill". There has been lots of buzz on social media that Trump's bill will cut Medicare and Medicaid. These are two very popular safety nets for Americans, so many see this as a big negative.

The issue I have is that I hear Republicans selling it in a positive way, and in some cases that they say there won't be any cuts. Are they right?

I've found two easy-to-understand articles to reference from but I do want to get everyone's view on this issue.
1. https://www.vox.com/health/414045/big-beautiful-bill-congress-trump-medicaid-cuts
2. https://www.fiercehealthcare.com/payers/will-trumps-tax-bill-cut-medicare-500b-not-exactly

For Discussion:
1. Will President Trump's new spending bill cut Medicare and Medicaid?
2. If so, would cuts to these programs be a good or bad thing?

 

[AgnosticBoy]

2. If so, would cuts to these programs be a good or bad thing?

This news segment mostly takes the side that Medicaid cuts would be bad...

Here's sort of a middle-ground answer... no cuts to Medicaid but have work requirements for those on Medicaid...

Best news segment I've seen that lets two sides of the issue just duke it out...

 

[Multicolored Lemur]

But will get changed in the Senate. The Republicans have 53 Senators out of 100. Senator Mike Lee just announced today Wednesday that he would not be voting for the bill.

He makes the 4th Senator.

Meaning, the 4th Republican Senator who vote for it in current form.

Mike Lee Comes Out Against Current Version Of Trump’s ‘Beautiful Bill

Republican Utah Sen. Mike Lee told Turning Point USA (TPUSA) founder Charlie Kirk that he would not back President Donald Trump’s House-passed “one big, beautiful bill” in its present form.

www.aol.com

He said, “This bill extends the Tax Cuts and Jobs Act to make sure that we don’t end up with a $4 trillion tax bomb going off and exploding in front of the American people, it helps to revitalize the military, it funds the completion of the southern border wall, helps fund the crackdown on illegal immigration. Those are all great things.”

But he doesn’t like that it bumps up yearly deficits.

 

[AgnosticBoy]

But will get changed in the Senate. The Republicans have 53 Senators out of 100. Senator Mike Lee just announced today Wednesday that he would not be voting for the bill.

It is sure to get changed in the Senate.

Personally, I wouldn't be a fan of cutting anything, but we obviously don't live in that type of world. Most cuts to Medicaid will probably be seen as unpopular but I do agree that some cuts need to happen either way. BUT, I also not a fan of giving huge tax cuts to the rich. I think we need to cut down on that. I get that it's a lot of the rich CEOs that invest a lot and play a role in creating jobs, but I think all cuts, at least to some degree, needs to be across the board.

Trying to find out how much of this is going to the top income earners...

The Republican plan calls for roughly $3.8 trillion in tax cuts — the bulk of which would come by extending the 2017 Trump tax cuts. Those cuts are due to expire at the end of the year, so without an extension, most households would see their taxes go up.

- NPR

I did find this...

Add trillions in debt, much of it to benefit the wealthy. Extending the expiring tax cuts would cost $4.2 trillion over the decade 2026-2035 and roughly half of the benefits would go to people making over roughly $320,000 (that is, people with incomes in the top 5 percent).

Source: https://www.cbpp.org/research/feder...come-tax-cuts-price-hiking-tariffs-would-harm

Do we need $4.2 trillion in tax cuts? Does most of that really need to go to the rich?