Trumpcare Is a Massive Scam to Redistribute Wealth From the Poor to the Very Rich
The Congressional Budget Office assessment of the Republican Party’s “American Health Care Act” (aka “Trumpcare”) is absolutely devastating. And Dylan Matthews at Vox has one of the best pieces I’ve seen on the intent of this horrible legislation: The GOP health plan is an act of class warfare by the rich against the poor.
The Congressional Budget Office’s assessment of Republicans’ plan to replace Obamacare is a description of one of the largest, most significant income redistribution programs the US government has ever considered — from the poor to the wealthy rather than the other way around.
The plan, the CBO concludes, would take more than $1 trillion away from programs targeting poor and middle-class families, to fund an $883 billion tax cut targeted at the wealthy. It is upward income redistribution of a truly massive scale.
“No legislation enacted in recent decades cut low-income programs this much — or even comes close,” Robert Greenstein, the founder and president of the Center on Budget and Policy Priorities and Washington’s leading advocate for poor and low-income Americans, says.
You should read the whole thing, because this isn’t just an empty claim. Matthews documents the scam very thoroughly. But here’s a taste of what’s in it:
Repealing Obamacare is, on average, a $46,000 tax cut for the richest 1%.The richest 1% has done pretty damn well recently. pic.twitter.com/LtVejlTdWN