Posted 1 year ago on Dec. 3, 2017, 2:33 p.m. EST by gsw
from Woodbridge Township, NJ
This content is user submitted and not an official statement
THE LEAD AUTHOR of the Senate Republican tax plan, Finance Committee Chairman Orrin Hatch of Utah, said that the federal government no longer has the money to fund the popular Children’s Health Insurance Program, known as CHIP.
“The reason CHIP is having trouble [passing] is because we don’t have money anymore,” Hatch said. “We just add more and more spending and more and more spending, and you can look at the rest of the bill for the more and more spending.”
CHIP is an $8 billion program. The Senate bill passed in the early hours of Saturday morning includes $6 trillion in tax cuts, financed by $4.5 trillion in tax hikes elsewhere. Hatch, though, promised CHIP would still pass. “We’re going to do CHIP, there’s no question about it in my mind. It has to be done the right way,” he said.