BS Artist Par Excellence
Our tax reform plan will help the American middle class
(Stop it - you're killing me)
More in the GOP’s continuing saga: “Raping America One Bill at a Time” – this is Chapter 69 by my count. This latest, again, is their assault on healthcare from The Hill analysis in part here with this headline:
“The Republican plan is to take away your health care to pay for their tax cuts”
Just like with their failed health care bill, Republicans have been working to quickly jam through their tax bill before the American people, or even tax experts, understand what's in it. But what we already know about the bill makes Republican priorities
clear: They want to take away health care from millions of Americans to pay for tax cuts for corporations and the wealthy few.
Over the summer, we saw a health care repeal bill that cut taxes for the wealthy by hundreds of billions of dollars.
Now we have a tax cut bill paid for by increasing the ranks of the uninsured by 13 million, raising premiums for the middle-class, and cutting Medicare.
They announced that they would be including repeal of the individual mandate in their plan to cuts taxes for the wealthy. The nonpartisan CBO estimates that doing so would result in 13 million fewer people with health coverage by 2025 and 10 percent higher premiums over the next decade.
That translates to a premium increase of $1,990 in 2019 for a typical middle-class family of four that buys insurance on its own. As Sen. Susan Collins (R-ME) correctly noted, “for some middle-income people, [the premium increase] will cancel out their tax cut.”
On top of that, CBO revealed that the Republican tax bill would result in a $25 billion Medicare cut in 2018. Further, hundreds of billions of dollars of cuts to the program over the next ten years.
The greatest risk from these cuts would be to rural hospitals, given their thin operating margins.