After spending a bizarre week in the Ways and Means Committee with a moving target of the Republican tax plan, we find out, amazingly, that it is actually getting worse and worse. We have just discovered that the Senate is going to repeal the individual healthcare mandate to to provide funding for more tax cuts for America's wealthy. The cost of that? There will be 13 million additional uninsured Americans, and everybody in the individual market will see their premiums increase another 10 percent next year and every year therefafter. Well, tomorrow, Trump is going to come to Capitol Hill to hold a rally with Republican Members to try to make some of these nervous people feel a little more comfortable. No wonder Donald Trump is eager to see this bill pass. It is designed for Donald Trump. First, he is the self-proclaimed king of debt. Well, you got it in spades with this bill because the Republicans have raised the debt ceiling $1.5 trillion to finance these tax cuts for people who, frankly, don't need them. Because you have to pay interest on that, it is a $2.3 trillion additional burden on our children and grandchildren. It eliminates the alternative minimum tax. Even though Trump refused to honor his commitment to release his tax returns, one was leaked to David Cay Johnston, and it showed the only reason he paid substantial taxes in 2005 was because of the alternative minimum tax. Getting rid of that would save him $31 million in one year.…
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