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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums$600 billion out of healthcare to cut taxes for the rich.
https://www.vox.com/platform/amp/2017/5/4/15544774/ahca-tax-cutMatthew Yglesias:
...."There are a lot of reasons you might want to cut taxes. But cutting taxes doesnt provide more people with health insurance. Cutting taxes doesnt lower premiums and deductibles for the insured. Cutting taxes doesnt help protect people with preexisting conditions. Cutting taxes doesnt bolster the long-term fiscal viability of Medicare. Cutting taxes doesnt give patients more choice of doctors or insurance plans. Cutting taxes doesnt improve preventive health or boost search for cures.
Cutting taxes, in short, doesnt do anything to improve the quality of health care in the United States of America.
And were not talking about a small amount of money. It works out to approximately $5,000 worth of tax cuts per household. Except most households arent 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, isnt 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 cant 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
Initech
(100,038 posts)1. Words cannot describe how much I hate the billionaires of this country.
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.
Freedomofspeech
(4,221 posts)2. I am sick to my stomach...
How much money do these bastards need? I don't understand.
Initech
(100,038 posts)3. They're addicted to wealth and power.
No amount is good enough for them. I think it's time we hold an intervention.
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.
ladjf
(17,320 posts)5. If that $600 billion was allotted for health care, it would save thousands of lives. nt