CBO on the GOP tax plan: borrow money to give to rich people

[RandomGuy]

with the added effect of taking money from the poor, in increasing amounts.

CBO study:

https://www.cbo.gov/publication/53348
.....
From the perspective of rich people benefiting from slashing the corporate tax rate, the bill the Senate is currently considering — and could vote on this week — is a tax cut bill. But from the perspective of America’s poor, the bill looks more like a health care cut.

The proposal would abolish Obamacare’s individual mandate and, according to the Congressional Budget Office, reduce the number of people with health insurance by 4 million in 2019 and 13 million in 2027. The people no longer pushed to enroll by the mandate are overwhelmingly lower and middle class and don’t get insurance from their employers. Instead, they typically sign up for Medicaid or for subsidized insurance on the Obamacare marketplaces.

That means that when looking at who wins and loses from the tax bill, you can’t just look at who pays more or less in taxes. You have to look at who gets more or less Medicaid and insurance subsidy money too. A new report from the CBO does exactly that.

https://www.vox.com/policy-and-politics/2017/11/27/16704664/senate-republican-tax-bill-health-cut-poor

[rmt]

with the added effect of taking money from the poor, in increasing amounts.

CBO study:

https://www.cbo.gov/publication/53348
.....
From the perspective of rich people benefiting from slashing the corporate tax rate, the bill the Senate is currently considering — and could vote on this week — is a tax cut bill. But from the perspective of America’s poor, the bill looks more like a health care cut.

The proposal would abolish Obamacare’s individual mandate and, according to the Congressional Budget Office, reduce the number of people with health insurance by 4 million in 2019 and 13 million in 2027. The people no longer pushed to enroll by the mandate are overwhelmingly lower and middle class and don’t get insurance from their employers. Instead, they typically sign up for Medicaid or for subsidized insurance on the Obamacare marketplaces.

That means that when looking at who wins and loses from the tax bill, you can’t just look at who pays more or less in taxes. You have to look at who gets more or less Medicaid and insurance subsidy money too. A new report from the CBO does exactly that.

https://www.vox.com/policy-and-politics/2017/11/27/16704664/senate-republican-tax-bill-health-cut-poor

Is this saying that people need to be PUSHED to get FREE Medicaid or hugely subsidized health care - that is available to them regardless of whether there is a mandate or not. That they won't sign up for either because there's no mandate?

And CBO is so reliable in its predictions especially regarding Obamacare - CBO predicted (after SC decision) that in 2016 there would be 23 million getting policies through the exchanges. The actual number was 10.4 million during the first half of the year (and seems on pace for HALF of that this year). CBO estimated 10 million would be added to the Medicaid rolls by 2016, even with many states refusing to expand eligibility. But that was too low. As of the first quarter of last year, 14.4 million adults had enrolled in Medicaid as a result of the Affordable Care Act’s expansion of the program

My enrollment period is 15 days long. Dh's was 17 days long. Why would it take 92 days for people to choose a health care plan (under Obama)?

[RandomGuy]

Is this saying that people need to be PUSHED to get FREE Medicaid or hugely subsidized health care - that is available to them regardless of whether there is a mandate or not. That they won't sign up for either because there's no mandate?

And CBO is so reliable in its predictions especially regarding Obamacare - CBO predicted (after SC decision) that in 2016 there would be 23 million getting policies through the exchanges. The actual number was 10.4 million during the first half of the year (and seems on pace for HALF of that this year). CBO estimated 10 million would be added to the Medicaid rolls by 2016, even with many states refusing to expand eligibility. But that was too low. As of the first quarter of last year, 14.4 million adults had enrolled in Medicaid as a result of the Affordable Care Act’s expansion of the program

My enrollment period is 15 days long. Dh's was 17 days long. Why would it take 92 days for people to choose a health care plan (under Obama)?

So what?

Does anything you said here mean that we need to increase taxes and decrease benefits for poor people, so that rich people could get huge tax breaks on the laughably flawed notion that doing so makes the economy boom?