An average of $50,000 for those making a million or more a year.
That’s how much money the rich will get in after-tax income with the tax cuts of the Trumpcare repeal bill. And that’s the sum of money the Republican Party just condemned millions to an early death over.
The Senate’s version of the bill to tear down the Affordable Care Act and replace it with a crude effigy to the free market has finally been released, after weeks and weeks of almost comical efforts to keep its contents a secret and – surprise! – it’s just as awful as we thought it was going to be.
The bill calls for cuts to Medicaid that would be even deeper than the House version of the bill wanted, entirely defunds Planned Parenthood, and revokes the essential health benefits requirement – meaning insurance plans don’t have to cover things like ambulances and pregnancy care.
For what reason? So that Americans who make over a million dollars a year get a 2% tax cut. They are the only people who benefit.
Of course, this scales dramatically with income levels – Republican megadonor and living corpse Sheldon Adelson will receive a $44 million tax cut – or enough to pay for the Medicaid bill of 7,670 Americans.
The kicker? There’s even a clause that allows health insurance CEOs to deduct salaries over $500,000 from their taxes. Hundreds of billions of dollars in taxes are being repealed, including a retroactive tax cut on capital gains.
This is not a “healthcare bill.” This is class warfare, where the literal lives of the poor are being sacrificed to enrich the wealthiest Americans.
The lobbyists of the health insurance industry, repugnant jackals they are, have bribed these spineless patsies in the Republican Party to let them strip the meat from the carcass of the American middle class that’s been left over after Wall Street and the defense industry had their fill.
Mitch McConnell and the rest of the vapid, morally vacant ghouls that he calls his colleagues have apparently decided that anybody who cannot afford to contribute to the stock price of healthcare companies deserves no healthcare.
Instead, they feel we deserve the freedom to die painfully under the weight of our medical debt while the richest make out like bandits.
Colin Taylor is the editor-in-chief of Occupy Democrats. He graduated from Bennington College with a Bachelor's degree in history and political science. He now focuses on advancing the cause of social justice and equality in America.