Romney-Ryan’s Real Poverty Plan: Soak the Poor
Kevin Drum summarizes some of the things Romney would do that would immediately impact the poor and lower middle class:
They would allow the payroll tax holiday to expire. This would immediately raise taxes on everyone, and would hit the working poor especially hard.
They would repeal Obamacare, which would immediately kick about 17 million low-income earners and their family members off of Medicaid.
In addition, they want to block grant Medicaid and cap its growth. In some states, this wouldn’t have a big immediate impact. In other states, conservative governors and legislatures would use their newfound authority to limit enrollments and cut benefits substantially. Over time, all states would have to cut enrollments dramatically, probably by another 15-20 million within a decade.