Republicans’ Legislation Achieves Record Savings
Washington, D.C.--The Finance Committee’s legislation delivers record savings by slashing Biden-era Green New Deal spending and rooting out waste, fraud and abuse in federal spending programs.
America First Energy Policy
The legislation eliminates hundreds of billions of dollars of the Green New Deal subsidies while supporting more reliable energy sources, making energy affordable again.
- Eliminates hundreds of billions of dollars of Biden’s unnecessary Green New Deal subsidies, such as immediately ending the EV tax credit and its “lease loophole.”
- Stops penalizing fossil fuels in favor of intermittent green energy.
- Boosts investment in nuclear energy and critical technologies, giving American companies a competitive edge over China.
- Supports consistent energy sources, in turn reducing market distortions, decreasing consumer prices and powering American growth.
Commonsense Medicaid Reforms
Democrats have incentivized Medicaid to enroll healthy Americans and illegal immigrants, driving up costs for taxpayers and risking sustainability for those who need the program most. Republicans are improving Medicaid for those who need it while putting it on a fiscally sustainable path by targeting waste, fraud and abuse. Even with these reforms, spending on Medicaid is projected to grow by billions of dollars over the next 10 years. Only in Washington is a smaller increase in funding considered a cut.
- Establishes work requirements for able-bodied adults who are choosing not to work and do not have dependent children or elderly parents in their care.
- Prevents Medicaid payments for beneficiaries who have died, are enrolled in multiple states or do not qualify for the program.
- Increases the frequency of eligibility verifications for able-bodied adults.
- Ensures illegal immigrants do not receive Medicaid benefits.
- Ends financing gimmicks that increase federal spending by freezing and reducing provider taxes.
- Ends taxpayer-funded Medicaid payments for abortion services and gender transition procedures.
- Prevents pharmacy benefit managers from overcharging Medicaid for prescription drugs.
Click HERE for a bill overview.
Click HERE to view text of the Finance reconciliation bill.
Click HERE for a section-by-section.
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