By Robert
Reich
The Senate’s bill to repeal the Affordable Care Act is not a healthcare bill. It’s a tax cut for the wealthiest Americans, paid for by a dramatic reduction in healthcare funding for approximately 23 million poor, disabled, and working middle class Americans.
America’s
wealthiest taxpayers (earning more than $200,000 a year, $250,000 for couples)
would get a tax cut totaling $346 billion over 10 years, representing what they
save from no longer financing healthcare for lower-income Americans.
That’s
not all. The bill would save an additional $400 billion on Medicaid, which
Mitch McConnell, Paul Ryan, and Donald Trump are intent on shrinking in order
to cut even more taxes for the wealthy and for big corporations.
If
enacted, it would be the largest single transfer of wealth to the rich from the
middle class and poor in American history.