Opinion: Health care repeal will only benefit the wealthy, says Canton resident
To the Editor:
Elise Stefanik will not answer her phones today, May 4, as she states that she will be voting yes for the Reform Health Care Bill this afternoon. "The American Health Care Act is not perfect, but it is an important step in reforming our broken healthcare system to help families in our district,” she said in a statement today.The families who are poor, or who have a disabled family member, or someone in a nursing home will be hurt by this Reform Health Care Bill that Stefanik claims will help families. Only the families who are very well off will be helped by this Reform Health Care Bill.
A quote from The Atlantic, March 14, 2017 by Gene B. Sperling. “This new era of rationing will not be compelled by some form of shared national sacrifice to lower the deficit. The Trump administration and its Republican allies in Congress desire these savings for a simple reason: because they are intent on providing large tax cuts for the wealthy as part of tax reform. And the repeal of the ACA would help them accomplish that.” “The ACA has tax provisions that would generate $594 billion in revenue, and getting rid of those provisions would overwhelmingly benefit the most well-off.
Indeed, the two main tax cuts—together costing $275 billion over 10 years—apply only to those making over $200,000 a year, with 80 percent of the tax savings going to those making over $1 million.
Those in the top tenth of one percent would get an average tax cut of about $197,000, while the top 400 earners in the country—a group of individuals who average $300 million in annual income—would receive an average tax cut of $7 million each.”