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Tanuki

(14,914 posts)
Thu May 4, 2017, 02:18 PM May 2017

$600 billion out of healthcare to cut taxes for the rich.

https://www.vox.com/platform/amp/2017/5/4/15544774/ahca-tax-cut
Matthew Yglesias:
...."There are a lot of reasons you might want to cut taxes. But cutting taxes doesn’t provide more people with health insurance. Cutting taxes doesn’t lower premiums and deductibles for the insured. Cutting taxes doesn’t help protect people with preexisting conditions. Cutting taxes doesn’t bolster the long-term fiscal viability of Medicare. Cutting taxes doesn’t give patients more choice of doctors or insurance plans. Cutting taxes doesn’t improve preventive health or boost search for cures.

Cutting taxes, in short, doesn’t do anything to improve the quality of health care in the United States of America.


And we’re not talking about a small amount of money. It works out to approximately $5,000 worth of tax cuts per household. Except most households aren’t going to see their taxes cut at all because of which taxes the AHCA cuts.

It eliminates a 3.8 percent tax that applied to capital gains, dividend, and interest income for families with $250,000 or more in income ($125,000 for singles).
It eliminates a 0.9 percent tax on wage income in excess of $250,000 a year ($200,000 for unmarried people).
It eliminates taxes on health insurance companies, pharmaceutical companies, and medical device manufacturers.
The typical American, in short, isn’t going to see any money from these tax cuts. But when you take all that money out of the system, something has to give. And in the case of the various iterations of Affordable Care Act repeal, the thing that gives is the quality of health insurance provided to Americans with below-average incomes or above-average health needs.

There are lots of ways you can rejigger the system to shift the burdens around, and there are real and meaningful differences between the various versions. But in a big-picture sense, you can’t take $600 billion out of health care and use it to finance tax cuts without ending up with worse health care. All the rest is details and footnotes."


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$600 billion out of healthcare to cut taxes for the rich. (Original Post) Tanuki May 2017 OP
Words cannot describe how much I hate the billionaires of this country. Initech May 2017 #1
I am sick to my stomach... Freedomofspeech May 2017 #2
They're addicted to wealth and power. Initech May 2017 #3
+1000 smirkymonkey May 2017 #4
If that $600 billion was allotted for health care, it would save thousands of lives. nt ladjf May 2017 #5

Initech

(100,038 posts)
1. Words cannot describe how much I hate the billionaires of this country.
Thu May 4, 2017, 02:23 PM
May 2017

The Kochs, the Waltons, the Mercers, the DeVos family... fuck them all, and fuck their precious money. They're the real people mooching off our paychecks.

Initech

(100,038 posts)
3. They're addicted to wealth and power.
Thu May 4, 2017, 02:55 PM
May 2017

No amount is good enough for them. I think it's time we hold an intervention.

 

smirkymonkey

(63,221 posts)
4. +1000
Thu May 4, 2017, 02:55 PM
May 2017

I'll second that. It is almost beyond my comprehension that anyone could be so greedy, so hateful, so evil!

Why do these people hate the citizens of this nation so much? I just hope I live long enough to see them get what they deserve.

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