On the recordMarch 8, 2017
Mr. President, we have now had a little more than 24 hours to get a peek at the Republican plan to get rid of the Affordable Care Act. Now we know why they kept it in hiding for as long as they did--because it is a total mess and it will wreak havoc on the healthcare system in the United States of America and severely harm millions of Americans. After 7 years in waiting, is this really the best they can do? The first thing people need to know about the Republican plan to replace the Affordable Care Act--let's be clear. This is no replacement. This is a fake replacement. The first thing they need to know about it is, it will strip away affordable healthcare for millions of Americans in order to give the wealthiest households a huge tax cut. How big is that tax cut? First of all, it goes to households who make over $250,000 a year. Here is the thing. The richer you are, the more money you make over $250,000 a year, the bigger the tax cut you are going to get under the Republican healthcare plan, under TrumpCare. In fact, if you are a millionaire, you are going to get a tax cut, on average, of about $50,000--to be precise, a $49,370 average tax cut for millionaires. If you are in the top one-tenth percent of American households, you are going to get, on average, a $200,000 tax cut under the Republican plan to get rid of the Affordable Care Act. That is great news if your name is Donald Trump or you are one of the billionaires or millionaires in his Cabinet.…





