Insurance Companies Will Get A $145 Billion Tax Cut From Trumpcare While You Lose Healthcare Coverage
Republicans do not care if you are covered or not, their goal is to cut as much taxes for the rich as possible.
With their healthcare plan 22 million people will be left without insurance, and others will end up paying more while receiving less.
According to the Americans For Tax Fairness, the top 8 insurance corporations will get a $72 billion tax cut.
The American for Tax Fairness provided a statement:
“While millions of people will lose their health insurance and health coverage as a result of Republican plans to repeal the Affordable Care Act (ACA), the nation’s 8 largest health insurance corporations will get a tax cut of about $72 billion over the next decade, according to new estimates from Americans for Tax Fairness. These companies will get nearly half of the $145 billion 10-year tax cut for the entire insurance industry estimated by the Joint Committee on Taxation.”
Frank Clemente, executive director of Americans for Tax Fairness, said in a statement:
“It’s appalling that Republicans in Congress would yank healthcare from 20 million people and give insurance companies a $72 billion tax cut. Outrageous. President Trump promised not to cut Medicaid, and Republicans should keep that promise. We can’t afford any health care legislation that takes coverage away from Americans so that wealthy corporations can have a tax cut.”
It’s no secret anymore. Republicans are not attempting to create a healthcare plan that is beneficial to the public, their plan is to cut millions off their insurance and use the money to provide tax cutes for the rich.
Trump’s campaigns were filled with lies and healthcare was one of them.