President Trump’s Budget Request includes $72 Billion in SS Cuts

July 14, 2017 | By Bailey & Galyen Attorneys at Law
President Trump’s Budget Request includes $72 Billion in SS Cuts Social Security LawThe 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 benefits; 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 and food; 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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