Wednesday, November 15, 2017

Senate GOPlins to scrap Obamacare to pay for temporary tax cuts for middle class, permanent tax cuts for corporations.

AZ BlueMeanie at Blog for Arizona warns that Sabotage of ‘Obamacare’ is back on the agenda in GOP tax cut bill.

Tea-Publicans have a math problem with their tax cut bill to avoid the Senate cloture rule of 60 votes to close debate on their tax cut bill, so now the repeal of the “Obamacare” individual mandate is back on the table to raise the revenue necessary to comply with the “Byrd Rule” in the Senate.

In short, Tea-Publicans are going to sabotage “Obamacare” in order to give tax cuts to corporations and Plutocrats.

The Meanie cites Tara Golsham (vox.com) who exposes the gory parliamentary maneuvering and explains how The Republican tax reform bill will live and die by this obscure Senate rule.

It’s now beyond speculation -and, I think, it’s moved on to legislative reality. This morning the New York Times reports that the Senate Plans to End Obamacare Mandate in Revised Tax Proposal.

Senate Republicans have decided to include the repeal of the Affordable Care Act’s requirement that most people have health insurance into the sprawling tax rewrite, merging the fight over health care with the high-stakes effort to cut taxes.

They also have made a calculated gamble to help speed their bill to passage on a party-line vote: Republicans revealed late Tuesday they would set all of their tax cuts for individuals to expire at the end of 2025, to comply with a procedural requirement. Their deep cut in the corporate tax rate would remain permanent.

Both the expiration decision and the move to tuck the repeal of the so-called individual mandate into the tax overhaul are attempts by Republicans to solve two problems: math and politics. Repealing the mandate, a longstanding Republican goal, would save hundreds of billions of dollars over the next decade. That would free up money that is earmarked to expand middle-class tax cuts.

Setting individual provisions to expire helps hold down the overall cost of the bill, which can add no more than $1.5 trillion to the deficit over 10 years and cannot add to deficits after 10 years. Mandate repeal could also help secure the votes of the most conservative senators, enabling lawmakers to pass the bill along party lines.

The bottom line

There you have it. The GOPlins in the senate are going to take away the ACA subsidies for the individual mandate and use the savings to pay for middle class tax breaks. But those breaks go away in 2025. The corporate tax cut remains permanent. So middle class households take a hit on their health care in exchange for a niggardly few hundred dollars in tax cuts. (See my the other post on income inequality today.) BUT: those same tax cuts are sunseted eight years from now so those middle class households are left worse off than before with increased taxes and less health care.

It might not do any good, but start writing and phoning to our senators Flake and McCain. You could even try asking CD2 Rep. McSally to do the right thing and vote against all this in the House.

No comments:

Post a Comment