Tuesday, March 14, 2017

Trumpcare Is About A 600 Billion Dollar Tax Cut For The Wealthy Not Healthcare

You didn't really think the GOP trying to repeal Obamacare 52 times was about anything other than money, did you?

Don't let the high and mighty white politicians fool you like they have fooled the white poor and white middle class. They don't care even a tiny bit about people who won't have access to regular health care if Obamacare is destroyed.

The democrats are distracted as usual. And the might white republicans are protecting who they always protect most:
 



The Mostly White One-percenters 

Think about it:

The Republicans tried to repeal Obamacare 52 times over 6 or so years instead of trying to fix Obamacare so that it would be more cost effective and cover more people.


The GOP tried to destroy Obamacare FIFTY-TWO TIMES without a replacement in sight.
When Trump created "repeal and replace" as a campaign slogan, he put the GOP on the hook to act like they cared about healthcare for those who can't go to the doctor without selling a kidney first. So those GOP jackals on the right, led by Paul Ryan, came up with something they can call a healthcare bill that will put things back to just the way they were before Obamacare.


People without health insurance will wind up going to emergency rooms again, some when it's too late, with middle class people footing the bill via taxes....taxes that Trump gloats about not paying.

Trumpcare will supposedly cut out 14 million people within a year according to a neutral government agency, 24 million in 10 years. And in the first year or two, healthcare premiums are projected to go up 20%.  Those left with some REDUCED SERVICE health insurance that is Trumpcare, will be stressed to the limit to afford the even higher premiums.

The red states that voted for Trump will bleed the worst, too. That's one silver lining in Trumpcare as far as I'm concerned. 

When a white person as an unacknowledged white supremacist votes another white supremacist into the presidency, one that lied about the character of Mexicans, blacks, Muslims, and Jews then s/he finds out they were lied to as well? That's justice as far as I'm concerned. If I could limit the fall out to Trump voters, I promise you I would

But the Trumpthuglicans (of any skin shade) shouldn't worry too much. Some of the white folks they care about will be grinning when and if Trumpcare passes. 

The Health Insurer Section of the Very White One-percent will be making money hand over fist as they take money from the young insured folk who won't get sick much while also pricing out the old and the poor who would likely use their services more often. 

  • What's more capitalistic than taking money with the hopes of never providing anything at all ---except a little peace of mind for 99.9% of your customers who won't really go to the doctor for anything more than allergy medication (if reduced service  Trumpcare covers anything but catastrophic illness. And that's a big if)
  
But it is the rest of the one-percent that'll get a really big boost from the destruction of Obamacare. 

TRUMPCARE BILL #1 (AHCA) "is a $600 billion tax cut, with the benefits going almost entirely to the wealthy.


To pay for its spending, Obamacare included several taxes on couples making more than $250,000, like a 3.8 percent surtax on investment income and a 0.9 percent surtax on wages. Last year, those levies brought in about $27 billion, according to Wall Street Journal analysis of IRS data.

Repealing them would cost about $275 billion over the next decade; which is to say, it would transfer $275 billion from public-health spending to the richest 1 or 2 percent....





That’s not all. Many companies can deduct employee salaries as a business expense when they pay taxes. Obamacare included a provision ***that prevented insurance companies from deducting more than $500,000 of their top executives' salaries***, as a way of raising a little bit of revenue and discouraging ever-rising compensation for insurance executives.
But the Republican [ TRUMPCARE ] scraps that provision, so that large insurance companies like Cigna and Aetna, which pay their CEOs more than $15 million, would find new tax savings.

Republicans have railed against many problems with the new health care law. But nobody is complaining about cutting taxes, because cutting taxes is the fundamental objective of Republican economics. This is not an explosively accusatory claim, but an objective description of policy. 

The recent and present leaders of the party—Donald Trump, Mitt Romney, Paul Ryan, Jeb Bush, and Marco Rubio—might have major disagreements over immigration, trade, Social Security, and Russia. But each of them has proposed a tax cut that would disproportionately benefit the rich, with all five plans cutting taxes for the top 1 percent by at least $150,000 and decreasing overall revenue by at least $5 trillion in a decade..."

You didn't really think the GOP trying to repeal Obamacare 52 times was about anything other than money, did you?

Read More