Marketplace All-in-One Who should pay for programs like Medicaid or food stamps?
May 23, 2025
The podcast dives into the debate over who should fund programs like Medicaid and food stamps. It highlights the proposed GOP tax bill's potential to shift costs to states, examining the implications for state budgets. There's a discussion on how states may need to raise taxes or cut essential services. Additionally, it addresses the ongoing tariff drama and scrutinizes corporate America's commitment to racial equity post-George Floyd, asking how much of the pledged funds have actually been seen in action.
AI Snips
Chapters
Transcript
Episode notes
States Could Face Higher Costs
- The GOP tax bill would shift Medicaid and food stamp costs more to states.
- States must raise taxes, cut spending, or find efficiencies to handle these extra costs.
Impact on State Revenues
- States would lose an average of over 3% of their spending or 7% of tax revenue from federal funding changes.
- Sales tax rates might need to increase substantially in states like Vermont and California.
Prepare for Funding Uncertainty
- States should prepare for uncertainty by planning fall legislative sessions.
- Lawmakers may alter program requirements or use rainy day funds to cope with changes.