there are philosophical differences between Democrats and Republicans on Medicare, and there is no doubt that the Republican party would like $270 billion in tax cuts, but why $270 billion in tax cuts in the Medicare program? To pay for the tax breaks for the wealthiest 1.1 percent of all Americans and for tax breaks for corporations. I sit on the Subcommittee on Health and Environment of the Committee on Commerce. As of October 10 we will begin the Medicare markup. We have never yet seen a bill. We have a 59-page summary. In that summary that we have read from cover to cover, nowhere, nowhere does it say that $270 billion will go and be reinvested into Medicare. Nowhere does it say that. If they wanted to save Medicare, take the $270 billion in tax cuts and put it back into the Medicare system. What is going to happen, Mr. Speaker, is just what the U.S. News & World Report says: Tax exempt. You pay Uncle Sam. How come thousands of American corporations do not? Because they are going to take the $270 billion in tax cuts out of Medicare and give it to the corporations.
Bart Stupak: “there are philosophical differences between Democrats and Republicans on Medicare, and there is no doubt that the…”
Editor's note · Context
Discussing the implications of proposed tax cuts on Medicare funding.
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