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Covid relief bill may trigger $36 billion cut to Medicare, higher student loan fees
Herewith, two facts and an assumption.
[CNBC]
  • A $1.9 trillion Covid relief bill backed by Democrats may trigger billions of dollars in cuts to Medicare and other federal programs, like ones supporting student loan borrowers.

  • Republicans are using the automatic cuts — caused by a law called PAYGO — to argue against the pandemic stimulus.

  • Congress can, and likely would, override those cuts, according to budget experts.

Posted by: trailing wife 2021-03-01
http://www.rantburg.com/poparticle.php?ID=595963