I have a big problem with the Republicans. They want us to bail out the big Automobile companies, and the Mega sized banks, but we can't help the poor with our money?
And I quote:
A long excerpt from the New York Times analysis HERE
"It looks as if the tax bill rises for some people who drop coverage.
Here’s why: The subsidies Obamacare offers to low- and middle-income Americans who buy their own insurance take the form of refundable tax credits, a kind of government-issued gift card that can be used only to buy health insurance. But if fewer people who qualify for these gift cards choose to buy insurance, the government spends less in tax money for the population that qualifies. The tax scorekeepers count this reduction in tax credits as an increase in tax liability for the group. Individuals would not actually pay more in taxes.If they don’t buy insurance and don’t get the gift card, is that really the same thing as paying more in taxes? Republicans say it is not.
“Nothing in our mark will impact the availability of premium subsidy credits,” said Senator Orrin Hatch of Utah, the chairman of the Senate Finance Committee, on Thursday, using a technical term for draft legislation. “This is the result of an assumption about economic behavior that is 100 percent voluntary.”Mr. Hatch has a point. The subsidies may count, technically, as tax benefits, but they are relatively unusual in the tax code, because they can be used only to buy health insurance. People who get insurance can get a gift card. People who don’t get nothing. But if someone chooses not to buy insurance, does that mean they’ve lost out financially?Some analysts consider those losses real losses, because it appears that some people are spurred to investigate their insurance options because of the mandate, then learn they qualify for free insurance. Without a mandate, they might remain uninsured. (And even some of those who don’t qualify for free insurance might end up better off buying it — people who contract an expensive disease, or get in a serious accident.)'In my view, those people are definitely better off with coverage than without coverage,' said Aviva Aron-Dine, a senior fellow at the liberal Center on Budget and Policy Priorities. 'They’re protected from financial catastrophe. They can get primary and preventive care. And the mandate gave them a nudge.'But others say that if customers valued health insurance, they would buy it.'Since the credits go exclusively to pay the premium, it’s a little weird,' said Len Burman, an institute fellow at the Tax Policy Center, a research group that evaluates tax laws.
Would the Poor Pay More Under the G.O.P. Tax Plan? Senators Disagree, and Here's Why
A comparison of tax rates under the current law vs. the Senate tax bill’s proposed changes.
Another weird thing that Mr. Burman noted is that the more expensive health insurance gets, the bigger a tax increase the change appears to be in the government estimates. Under the Affordable Care Act, people below a certain income cap can’t pay more than a percentage of their income to buy health insurance, so as prices go up, so do their subsidies. Economists think that lifting a requirement for healthy people to buy insurance will tend to make the resulting pool of customers sicker, driving up insurance premiums. But the actual cost of insurance for that group wouldn’t increase.'The credits look more valuable, because the proposal sabotages the health market, and premiums go up,' he said."
I suppose we can all now read it and weep. Thanks a lot, you duly elected Trumpky-ites. You just don't want to have the unwashed poor getting health care coverage now would you? What happens if we need those big Treasury dollars to bail out another bunch of gamblers who risked it all in international finance? Hey, it's our damn money, not yours! We'd like to be better than a third world country, thank you very much!
Also, I guess we just can't afford to have poor people so where do we ship them all? Canada? Cuba? Orin Hatch's backyard? Will he provide the soup lines, tents, and warm blankets?
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I’m going through some stuff but I will peek in now and then and will be back when it’s over..