Fat Cat Pat Toomey on how he will destroy aca in his tax bill
TOOMEY: What we do when we repeal the individual mandate, we simply say - and technically, we don't repeal it. What we do is we say the penalty for not buying an Obamacare plan will go to zero. There will no longer be a financial penalty. As it is today, people are hit with a tax if they decide that these plans are just not suitable for them or not affordable.I want to keep what is in the Senate bill which zeroes out the mandate penalty...It is a step in the direction of restoring their freedom to decide what kind of insurance plan they want rather than being forced by the government to pay what the government wants them to buy. It's very good policy.
There is a very important element of personal freedom. I find it extremely offensive that anyone ever thought that the federal government has the right to force people to buy a product against their will. That's wildly inconsistent with the Constitution, in my mind. But let's put that aside. The truth is no individual, even if they exercise this choice, is going to pay more in taxes. That's absurd. What's going to happen is the federal government will discontinue making a payment to an insurance company.
https://www.npr.org/2017/11/28/566891826/senates-tax-plan-faces-a-number-of-hurdles-within-republican-party
Toomey is ready to take Pennsylvania into Pottersville in its a wonderful life. He knows full well that the mandate is HOW the ACA (Obamacare) is paid for. These are called insurance premiums. But his reason to pass this bill is to give his Club for Growth Masters Carte Blanche with the American economy and then like Senator Marco Rubio said yesterday, they will then move onto adjusting ( destroying) Social Security and Medicare. Toomey is a former investment banker who reported between $1.47 million to $3.9 million in assets, with one liability: a mortgage valued between $250,001 to $500,000.