Wednesday, March 22, 2017

Jonathan Chait

Jonathan Chait
in New York magazine:

By the standards of a comprehensive health-care-reform bill, the [Republican]American Health Care Act is very simple. It’s a huge redistribution of income. The various moving parts in the bill mostly boil down to removing subsidies from the poor and sick and burdens from the rich and healthy...Republicans promised to repeal both sources of financing for the law. But they couldn’t make the numbers add up if they eliminated all the financing sources in Obamacare, so they left the spending cuts in place, and instead focused on repealing the part that Republicans in Washington hate the most: taxes on the rich. So the bill is built on a tax cut of about a trillion dollars over a decade that benefits the rich almost exclusively...

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