Obama Negotiates Cuts to Medicare as the Program Reaches its 48th Anniversary

Tuesday, 06 August 2013 14:16  
By Candice Bernd, Truthout | Report 

President Obama announced a new "grand bargain" for middle class job creation last week while speaking to an audience at an Amazon.com facility in Tennessee. His plan would cut corporate tax rates and create a business tax that would fund investment on infrastructure projects and education. But will the president agree to cut Medicare in a deal with Republicans? 

Congressional Republicans responded to President Obama in their own address, which heavily criticized the Affordable Care Act for stymieing businesses from hiring and suppressing work hours.