I have previously explained that the GOP’s headlong rush to repeal the Affordable Care Act aka “ObamaCare” is actually about repealing the taxes on the very wealthy that help pay for the program. The “blue-collar working class voters” who elected these Tea-Publicans to office will not only lose their health care coverage, they will wind up paying higher taxes as the wealthy receive a huge tax windfall. These voters got played, and the best part is, they did it to themselves.
Jared Bernstein fleshes this out today with new data in How Republican-style health-care reform quickly becomes a tax cut for the richest of the rich:
The election of Donald Trump with a Republican-majority Congress is proving once again that conservative economic policy largely reduces to cutting taxes, mostly for the rich.
But wait a second, aren’t they also wading into health-care reform?
They are, and it proves my point. While much attention is reasonably focused on how they’re all repeal with no replace — and how that’s likely to reverse the coverage gains we’ve seen and undermine insurance markets — there’s something else going on here. And that is — you guessed it — a big tax cut for the rich.



