Bloomberg Talks US Republican Representative Nicole Malliotakis Talks Economy, Medicaid & Congestion Pricing
Apr 21, 2025
Nicole Malliotakis, the US Republican Representative for New York's 11th congressional district, dives into pressing economic topics with hosts Joe Mathieu and Kailey Leinz. She discusses the impact of political decisions on the economy, the nuances of extending the 2017 Tax Cut, and potential changes to Medicaid. Malliotakis also unpacks the implications of congestion pricing on municipalities and addresses legal challenges facing the MTA, emphasizing the need for community support and strategic planning in future financial policies.
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Tax Cut Extension's Economic Impact
- Extending the 2017 Tax Cut and Jobs Act is crucial to avoid a $4 trillion tax hike.
- Key provisions like corporate tax rates and R&D incentives are vital for economic growth and job creation.
Medicaid Protection Advice
- Do not support Medicaid cuts that remove legally eligible individuals.
- Push for work requirements on able-bodied adults and eliminate Medicaid fraud for significant savings.
Millonaires' Tax Consideration
- A millionaire's tax is under serious consideration to fund social and tax relief programs.
- Balancing fair tax structure with preserving job-creating tax incentives is essential.