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The Real Reason Republicans Want to Pull the Plug on Obamacare

By   Follow Me on Twitter     Message Robert B. Reich       (Page 1 of 1 pages)     Permalink    (# of views)   No comments

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From Robert Reich Blog

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Don't be fooled by Trump's and Republican promises to "repeal and replace" Obamacare. They could repeal it, but they can't and won't replace it. They've tried for years to come up with a replacement that keeps at least as many people covered. Their "replacement" never appears.

So why do Republicans want to repeal Obamacare and leave millions without insurance? Because it would mean a huge tax windfall for the wealthy.

Repealing Obamacare will put an average of $33,000 of tax cuts in the hands of the richest 1 percent this year alone, and a whopping $197,000 of tax cuts into the hands of the top 0.1 percent.

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The 400 highest-income taxpayers (with incomes averaging more than $300 million each) will each receive an average annual tax cut of about $7 million.

It would also increase the taxes of families earning between $10,000 and $75,000 -- including just about all of Trump's working class voters.

So what do we end up with when Republicans repeal Obamacare?

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-- 32 million people losing their health insurance,

-- Tens of thousands of Americans dying because they don't get the medical care they need,

-- Medicare in worse shape,

-- And the rich becoming far richer.

This is lunacy. We must stand up to it.

 

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Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

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