We are hopeful that more spending cuts are to come, now that we are in budget season.
House Budget Chairman Jodey Arrington did a fantastic job shepherding the One Big Beautiful Bill into law faster than almost everyone thought possible. Now he wants a Round Two for real spending cuts:
“I think we will do one before the end of the year,” Arrington said. “It’s going to be a more targeted set of reforms.”
The budget chairman said he sees the follow-on legislation as a chance to secure Medicare spending cuts he sought but couldn’t win in the Trump tax and spending package. High among his goals, he said, is reducing reimbursements to hospitals through a site-neutral payment system that pays the same rate whether a procedure is done at a clinic or doctor’s office…
Arrington said that he will also seek to cut the federal reimbursement rate to states for healthy, able-bodied adults added to Medicaid under President Barack Obama’s Affordable Care Act.
That’s a great starting point. We would add some unfinished business on the tax side, too: a 15% corporate rate and inflation-indexing the basis for capital gains tax.