Trumpcare is Robin Hood in reverse. It robs from the elderly, people with disabilities, and poor children to give massive tax giveaways to millionaires and billionaires.
Trumpcare slashes health-care spending by a whopping $1.2 trillion and tax revenues by an also whopping $883 billion. It robs 24 million Americans of their health insurance in order to give supersized tax breaks to the wealthiest among us. The nation’s top 400 earners have average annual incomes of $300 million. Trumpcare makes these 400 plutocrats richer, by lavishing on them average tax cuts of $7 million.
And those $7 million tax giveaways are just down payments. Trumpcare holds back $337 billion in spending cuts that can be used to offset more tax cuts for the ultra-rich, when tax “reform” is taken up later in the year.
With that formula — huge reductions in spending on Americans’ health in exchange for enormous tax cuts for the wealthy — it is not surprising that 24 million Americans will lose their health insurance, and with it, lifesaving health care. The media has focused some attention on those 24 million. It has also shined some light on Trumpcare’s devastation of Medicaid, which includes cutting Medicaid funding by $880 billion along the way to ending it as we know it.
– Huffington Post