On the recordNovember 15, 2017
Everyone knows that the Republican tax scam gives massive tax cuts to millionaires and billionaires and corporations, and they do it, in part, by increasing healthcare costs for millions of Americans. Over 36 million middle class households will see a tax hike under this bill. Families with big medical bills will take the hardest hit. That is because Americans will no longer be able to deduct major medical expenses such as cancer treatment or Alzheimer's from their Federal income taxes. This is a middle class tax hike. Seven in ten households using the medical expense deduction make under $75,000 a year. Repealing the deduction would especially hurt seniors who use it for long-term care expenses. The bill takes a second swipe at American seniors and people with disabilities. According to the Congressional Budget Office, by not paying for tax cuts for the wealthy, Republicans would trigger automatic cuts to Medicare, slashing $25 billion from Medicare in 2018 alone. But the $25 billion cut to Medicare is just the beginning. The same Republican budget that cleared the way for $1.5 trillion in tax cuts for the superwealthy proposed cutting Medicare and Medicaid by, no coincidence, $1.5 trillion. Now, Senate Republicans want to pay for additional tax cuts by repealing a key part of the Affordable Care Act. This change would increase the number of uninsured Americans by 13 million and increase premiums by 10 percent.…
Source
govinfo.gov




