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With Trumpcare, the Rich Get Richer & the Poor Get Poorer

June 23, 2017
Blog Post
The Senate GOP version of Trumpcare, much like the one House Republicans passed, is nothing more than a massive tax cut for the wealthy at the expense of the health of hard-working American families. Both the House and Senate versions would pay for these tax cuts by eviscerating Medicaid – a program that nearly 1-in-5 hardworking Americans rely on, including children, seniors, and veterans.

Well, the reviews are in… and we're not the only ones concerned about this massive transfer of wealth from hardworking Americans to millionaires and billionaires:

New York Times Editorial: The Senate's Unaffordable Care Act

It would be a big mistake to call the legislation Senate Republicans released on Thursday a health care bill. It is, plain and simple, a plan to cut taxes for the wealthy by destroying critical federal programs that help provide health care to tens of millions of people.

Vox: At its core, the Senate health bill slashes Medicaid to finance a tax cut for the rich

With Senate Republicans' release of their health care bill Thursday, the party's grand design on health policy is now impossible to mistake … The party's chief goal is to slash Medicaid's spending on poor Americans, so they can cut taxes for rich Americans. It's a massive redistribution from the poor to the rich.

New York Times: Pure Class Warfare, With Extra Contempt

The Senate version of Trumpcare – the Better Care Reconciliation Act – is out. The substance is terrible: tens of millions of people will experience financial distress if this passes, and tens if not hundreds of thousands will die premature deaths, all for the sake of tax cuts for a handful of wealthy people. What's even more amazing is that Republicans are making almost no effort to justify this massive upward redistribution of income.

New York Times: Shifting Dollars From Poor to Rich Is a Key Part of the Senate Health Bill

The draft Senate bill, called the Better Care Reconciliation Act, would jettison those taxes while reducing federal funding for the care of low-income Americans. The bill's largest benefits go to the wealthiest Americans, who have the most comfortable health care arrangements, and its biggest losses fall to poorer Americans who rely on government support.

Wall Street Journal: Senate Health Bill Gives Huge Tax Cuts to Businesses, High-Income Households

The Senate's health-care bill repeals hundreds of billions of dollars in taxes on businesses and high-income households and includes a retroactive cut in capital-gains taxes.

Bottom line: Trumpcare is flat out ‘mean' and heartless.  It means higher health costs, tens of millions of hard-working Americans losing health coverage, gutting key protections, a crushing age tax, and stealing from Medicare.  Like their House counterparts, Senate Republicans are attacking seniors, children, veterans and hardworking Americans just to hand hundreds of billions of dollars in tax breaks to their wealthy friends and big corporations.