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1. D Robb
     (11/27/2017 7:35:59 AM)
     Message ID #294270

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The fact that the Republicans are so desperately searching for places where they can cut deductions to fund their huge tax cut for the rich is worth discussing. The Repubs have a serious accounting problem on their hands. Their ability to give corporations and wealthy families a giant tax cut is restricted by the requirement they not add more than (a whopping) $1.5 trillion to the federal deficit over the next decade. So they’re trying to increase revenue by raising taxes on many middle-class families and compounding that harm by cutting spending on health care.
The Senate bill will eliminate the Affordable Care Act’s requirement that people have health insurance or pay a penalty. Republicans assert that doing this would free people from an onerous government mandate. What they don’t say is that without the mandate, some younger and healthier people would not sign up for coverage, so insurers would raise premiums knowing that their remaining customers would be more likely to have health problems. Those price increases would make coverage unaffordable to many middle-class families. The Congressional Budget Office estimates that 13 million Americans would lose coverage — although it could lower that estimate — and, based on the current projection, the government would save about $338 billion over 10 years because it would spend less on insurance subsidies and Medicaid. In addition, they want to cut the deduction for medical expenses exceeding 10 percent of income.
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