Oops. Super Late Post 😏. I Just wanna take a moment & tell “The Twins”, my little Brother & Sister”, How Extremely PROUD I am! Dylan & Katey, I’m not going to bore you with a long grand speech, I’m simply going to give you some important life knowledge ... On a W-4 Form, when it asks for dependents; you write either “1” or “0”. “When you claim "1", you reduce the amount of income taxes withheld from your paycheck. This means you get more money each paycheck rather than waiting for your tax refund at the end of the year. When you claim “0”, you increase the amount of withholding from each paycheck so at the end of the year, you'll get the excess back as a tax refund.” You’re Welcome!
(Link to budget PDF )
The House #Republican budget, titled “A Brighter American Future,” would remake #Medicare by giving seniors the option of enrolling in private plans that compete with traditional Medicare, a system of competition designed to keep costs down but dismissed by critics as an effort to privatize the program. Along with other changes, the budget proposes to squeeze $537 billion out of Medicare over the next decade.
The budget would transform #Medicaid, the federal-state #healthcare program for the poor, by limiting per capita payments or allowing states to turn it into a block-grant program — the same approach House Republicans took in their legislation that passed last year to repeal the #AffordableCareAct (the repeal effort died in the Senate, but the #GOP budget assumes that the repeal takes place). It also proposes adding work requirements for certain #adults enrolled in Medicaid. Changes to Medicaid and other health programs would account for $1.5 trillion in savings.
Social Security comes in for more modest cuts of $4 billion over the decade, which the budget projects could be reached by eliminating concurrent receipt of #unemployment benefits and #SocialSecurity disability insurance.
It assumes repeal of the #DoddFrank Act that regulated banks after the #financialcrisis 10 years ago, something #Congress recently rejected in passing a #banking bill into law that softened some of the key provisions of Dodd-Frank but left its overall structures intact. And the #budget proposes $230 billion in cuts from #education and training programs, including consolidating #studentloan programs and reducing #PellGrant awards.
“The 2019 Republican budget scraps any sense of responsibility to the American people and any obligation to being honest,” said Rep. John Yarmuth (Ky.), the top Democrat on the Budget Committee. “Its repeal of the Affordable Care Act and extreme cuts to health, retirement security, anti- #poverty programs, #education, #infrastructure, and other critical investments are real and will inflict serious harm on American #families.”
(Source: Washington Post)
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