The entire 2018 Budget Proposal, “A New Foundation for American Greatness.” Proposes to cut Federal spending by $3.6 Trillion over the next 10 years. Most of the largest cuts are aimed at discretionary spending, but over $1 Trillion is aimed at programs that provide lower-income Americans with living and medical assistance. (one plan scheduled to be omitted entirely is the low income home energy assistance program)
Some of the proposed SS changes to save $72 Billion include:
Reducing retroactive SSDI payments from 12 months to 6 months prior to the filing date;
Further reducing benefits if more than one person in the house receives SSI Disability
More aggressive recovering of overpayments;
Creating a panel of experts to come up with more benefit reduction ideas.
The Budget also seeks to cut benefits aimed at helping lower income individuals such as:
Dept of Health & Human Services 15.8% – this agency helps people obtain health care
Housing and Urban Development is slated for a 13.2% cut – this program helps low income families afford houses;
TANF – which provides Temporary Assistance to Needy Families – $21.6 billion in cuts;
Food Stamps/SNAP – $192 billion cut
$610 Billion to Medicaid.
• These numbers are scheduled to occur over a 10 year period.
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