Derrick Van Orden (R-Wis.) says Republicans aren’t actually cutting anyone’s federal health or food benefits in President Donald Trump’s sweeping tax bill — a plan that slashes $1 trillion from Medicaid and food assistance programs.

Some $500 billion in cuts to Medicare could be avoided if Congress instructs the White House budget office to disregard the reconciliation package’s debt impact.

The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,