Here’s how Trumpcare will work if the incoming President gets his way in Congress:
Republicans’ planned bill to repeal the Affordable Care Act … would provide an immediate windfall tax cut to the highest-income Americans while raising taxes significantly on about 7 million low- and moderate-income families (My italics for emphasis.)
First, it would eliminate two Medicare taxes — the additional Hospital Insurance tax and the Medicare tax on unearned income — that both fall only on high-income filers, thereby cutting taxes substantially for those at the top.
The top 400 highest-income taxpayers — whose annual incomes average more than $300 million apiece — each would receive an average annual tax cut of about $7 million, we estimate from Internal Revenue Service (IRS) data.
This group’s tax cut would total about $2.8 billion a year.
The roughly 160 million households with incomes below $200,000 would get nothing from the repeal of these two taxes.
Second, ACA repeal would significantly raise taxes on about 7 million low- and moderate-income families due to the loss of their premium tax credits — worth an average of $4,800 in 2017 — that help them buy health coverage through the health insurance marketplaces and afford to go to the doctor when needed.
So says a report from the Center on Budget and Policy Priorities, a nonpartisan research and policy institute. (See more here.)
I’m sorry, but this is not good governance.
And it’s sure as the dickens not moral, ethical or Christian, is it? If you think it is, I’m open to your argument.
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Unless you believe everything that runs counter to anything Trump is for is just so much fake news, you might want to take the time to digest the whole report here.
Then contact your Congressman and ask her or him, who works for you in Washington, where they stand on this.
This, after all, could have an ill effect a lot of sick and injured folks and our wallets, too.