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All this talk about what 1 person proposed and will never happened and yet I don’t believe I have seen anything about Trumpcare and his budget.
Trump’s budget proposes billions of dollars in cuts to programs that fund research into new cures, protect the country from infectious diseases and bioterrorism and provide care to the poor, the elderly and people with disabilities. The mortgage interest deduction would be eliminated for any mortgage below (I thought I read) 680K. Meals on wheels, National Endowment for the arts, and humanities, NOAA all will take huge cuts.
The CBO analysis said that Trumpcare would rob 23 million people of health insurance while leaving millions of others with policies that offer little protection from major medical conditions. All of this would give huge tax cuts for the richest Americans and corporations.
Medicaid provides health insurance to more than 75M Americans (and 60% of nursing home residents and millions of people with disabilities) would lose $834 billion over 10 years, according to the C.B.O. The president’s budget would take a further $610 billion from the program by “reforming it”. Taken together, this amounts to an estimated 45 percent reduction by 2026 compared with current law.
Trumpcare, would make it impossible for millions of people with pre-existing conditions like heart disease or diabetes to buy health insurance. That’s because the law would let states waive many of the requirements of Obamacare. It would also greatly increase the cost of insurance policies for older and poorer people. A 64-year-old earning $26,500 a year and living in a state not seeking waivers would have to pay $16,100 a year for coverage, nearly 10 times as much as she would under Obamacare (I guess they can hold off on purchasing an Iphone for the 1st months premium).
For Trumpcare alone estimates that almost all of the tax cuts in that legislation would flow to the rich: The top 1 percent would take home an average of $37,200 a year, while people with middle-class incomes would get a measly $300.
I have read some say this is a “good conservative budget”. Let there be no doubt that it hurts the poor and middle class and benefits the rich -is that what Pres. Trump promised the struggling middle class? I wonder if the auto correct will even let me type compassionate conservative?
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