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This week starts with Congress’s vote Wednesday to approve a roughly $1.1 trillion spending bill ahead of a deadline to keep the government open through September. The measure passed the House on Wednesday in a 309-to-118 vote, and by Thursday afternoon it had passed the Senate with a 79-to-18 vote. Ed breaks down what’s in the bill, so if you need to hear what just passed, tune in to The Main Event this week. For example: Did you know what “$45 million for school choice” in the bill actually means? It means that the Republican-controlled government is reversing the first federally-funded education program Obama cancelled the second he got into office. There’s all kinds of info on the bill you don’t want to miss on this week’s show.
Ed also has audio from Mick Mulvaney, Director of the Office of Management and Budget, who spoke at the White House press briefing on Tuesday to address the bill. Why do you want to hear it? Because “he tells it like it is,” Ed says. “He doesn’t make it too complicated. Being in the finance industry myself, I try to keep things simple so people understand them. That’s what Mick Mulvaney did.” Mulvaney explained why it will be very possible to build the border wall, and why the Republicans “got a bite at the 2017 apple” thanks to Obama dropping the ball last year, and Ed will make it even simpler to understand in his comments. “The Democrats thought they could say, we won, we won, we stopped the wall!” Ed says. “But what they didn’t realize was there was already money in the budget for the wall. Donald Trump does know how to negotiate, and he’s fighting the fights that need fighting. For everything else, he’s negotiable.”
In the second half, we’re talking about the American Health Care Act (AKA the Obamacare replacement bill) passing the House this week. If you haven’t yet heard what’s in that bill, Ed’s got you covered for that, too. Here’s what the bill will do:
- Ends the Obamacare tax penalties for people who don’t buy insurance coverage and larger employers who don’t offer coverage. Instead, insurers would apply a 30 percent surcharge to customers who have let coverage lapse for more than 63 days in the past year.
- Ends tax increases on high income earners
- Ends tax increases on insurers, drug makers and medical device manufacturers
- Changes to Medicaid: Cuts Medicaid by 25 percent over 10 years, allows states to impose work requirements for Medicaid recipients, and forbids states from expanding Medicaid. It also changes Medicaid from an open-ended program to one that gives states fixed amounts of money annually.
- Overhauls the insurance subsidy system from income-based to tax credit-based. The credits would rise with customers’ ages and, like the previous subsidies, could be used toward premium costs.
- Implements a new system that allows states waivers to exempt insurers from covering certain conditions – but only if they have high-risk pools to cover people with pre-existing conditions. A provision added just this week would give another $8 billion over 5 years to help states finance those high-risk pools. “If anybody understands how insurance works, they wouldn’t get their knickers in a twist over this,” Ed says.
- Blocks federal payments to Planned Parenthood for a year.
And of course, we have to talk about how Hillary Clinton just found a new reason why she didn’t win the election: It was all FBI Director James Comey’s fault! You’ll hear how Hillary’s own party is turning on her, with responses from people like David Axelrod and Andrea Mitchell, both liberals who are openly criticizing Hillary’s comments. You’ll also hear the highlights from Comey’s testimony on the Hill this week, which is fascinating and only a little unfortunate. This is a big news week, and Ed has a big show to match.
“If you’re in the market for a house and you want to talk to someone who thinks like you, call me at (855) 640-2020,” Ed says. “And if you have an opinion on the show, call me at (855) 640-2092 to leave me a voicemail.”
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