So Called GOP Tax Bill Cuts Medicare by $25 Billion
Which is why we really must stop calling it a tax bill. The House bill was (very)bad as it ended ‘loopholes’ that benefitted the nonrich-state and local taxes, student loan deduction, elder care deduction.
The Senate bill is worse as it ends Obamacare. Which is why taxes go up so much for nonrich people in the Senate version.
I’ve been highlighting the fact that under this bill someone making $30,000 sees their taxes go up by almost $17, ooo by 2027.
Of course, the politically devious GOP can highlight that this same taxpayer will see their taxes cut by over $3,000 dollars in 2019.
Because the deep and sharp destruction caused by ending the mandate only shows up in later years.
But we really need to start calling it for what it is very quickly: an ACA repeal bill that takes away the Medicaid benefits of 14 million Americans-on top of the 9 million children who are about to lose their healthcare after the GOP let CHIP lapse.
The GOP figured out how to take down Obamacare: call it a tax bill.
“After spending nearly a year on a failed effort to repeal Obamacare, Republicans on Capitol Hill are on the verge of repealing the law’s individual mandate as a footnote to their rewrite of the American tax system.”
“At least two of the three Senate Republicans who blocked the repeal effort over the summer have no problem undoing the requirement that nearly all Americans carry insurance — a provision Democrats say is vital to keeping the Affordable Care Act afloat.”
“John McCain of Arizona and Lisa Murkowski of Alaska said they support the tax bill, which includes repeal of the individual mandate. Susan Collins of Maine has partially pegged her support to assurances from President Donald Trump and Senate Finance Committee leaders that lawmakers will fund a separate Obamacare program that Republicans say will offset the negative effects of repealing the mandate on premium costs. She has not yet said how she will vote on the tax bill.”
“But those assurances would require House Republicans to fund the program, called cost-sharing reduction payments, which they deride as a “bailout” of insurance companies. House conservatives have opposed the program, although some suggest that if tax reform passage depends on that, they might hold their noses and support it.”
“If it was on the precipice of succeeding or failing based on that one issue, there may be people taking a big gulp and moving forward,” said Rep. Mark Walker (R-S.C.), who leads the conservative Republican Study Committee. “But I hope we don’t get to that point.”
If these GOPers do vote for mandate repeal we know that they wanted to vote for repeal before but didn’t have the political cover. Now they think they do.
It’s very late and at this point it’s hard to say whether we can stop this now or not-though we MUST do everything in our power to try.
Make sure you know how your Senators are going to vote tomorrow on this bill. I will let NYers & everyone know what comes in the GOP’s next secret draft, but it’s your calls, emails, faxes, et al that make the difference, so please make your voices heard on this #GOPTaxScam
— Chuck Schumer (@SenSchumer) December 1, 2017
But one thing we can and must do at this late date is to stop calling it a tax bill.
P.S. I’m Mike Sax, I’m running for Congress in the NY 2nd District and I’m a Hillary Clinton Democrat.
Meeting her recently was one of the biggest honors in my life to stand next to such a fine public servant and trailblazer. She seemed to like our Impeachment Train campaign t shirts too!
Think of the shirt as a one time investment in restoring legitimacy to this country.
And please donate so we can compete with Peter King’s $4 million. I know no lobbyists or millionaires like Peter King. Small donations are the engine of the Mike Sax NY2 campaign. Together we can do it. Because we must.