Medicaid

House passes GOP tax bill on a party-line vote, moves to the Senate

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House Speaker Paul Ryan, “the zombie-eyed granny starver from the state of Wisconsin,” was so overjoyed with achieving his boyhood dream of sticking it to the working class, the elderly, the disabled, and the poor — the “takers” as his running mate Mitt Romney once referred to them — that he was practically giddy.

That someone takes such pleasure in causing millions of Americans to suffer is pure evil.

The House has passed the abomination of the GOP tax bill on a party-line vote of 2227-203, with only a dozen Tea-Publicans voting no. House passes final tax bill, edging GOP closer to win:

Arizona Congressional Delegation: YEAHS: Biggs, Gosar, McSally, Schweikert; NAYS: Gallego, Grijalva, O’Halleran, Sinema. Not Voting: Franks (seat vacant).

The Senate is expected to pass the bill later on Tuesday, sending it to President Trump’s desk and allowing the GOP to achieve its goal of rewriting the tax code in Trump’s first year in office.

Multiple protesters interrupted House floor debate on the tax bill Tuesday, including people who shouted “kill the bill, don’t kill us!” as well as a woman in a wheelchair who said she relies on Medicaid and warned that the bill would “starve” the public.

One protester even interrupted Speaker Paul Ryan (R-Wis.) as he delivered a floor speech that he’s wanted to give for decades in support of the tax overhaul.

“Today we are giving the [wealthy] people of this country their money back. This is their money, after all,” Ryan said.

A woman in the public visitors’ gallery then shouted, “You’re lying!”

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2018 World Inequality Report: inequality in U.S. is a result of deliberate policy decisions (updated)

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Christopher Ingraham at the Washington Post reports, U.S. lawmakers are redistributing income from the poor to the rich, according to massive new study:

Back in 1980, the bottom 50 percent of wage-earners in the United States earned about 21 percent of all income in the country — nearly twice as much as the share of income (11 percent) earned by the top 1 percent of Americans.

But today, according to a massive new study on global inequality, those numbers have nearly reversed: The bottom 50 percent take in only 13 percent of the income pie, while the top 1 percent grab over 20 percent of the country’s income.

Since 1980, in other words, the U.S. economy has transferred eight points of national income from the bottom 50 percent to the top 1 percent.

That trend is even more remarkable when you set it against comparable numbers for wealthy nations in Western Europe. There, the bottom 50 percent earn nearly 22 percent of the income in those economies, while the top 1 percent take in just over 12 percent of the money.

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The income situation in Western Europe today, in other words, is similar to how things were in the United States nearly 40 years ago.

The 2018 World Inequality Report, written by a team of leading international economists including Thomas Piketty of “Capital in the Twenty-First Century” fame, finds that the rise of income inequality in the United States is “largely due to massive educational inequalities, combined with a tax system that grew less progressive despite a surge in top labor compensation since the 1980s, and in top capital incomes in the 2000s.”

Since the 1970s the price of higher education has skyrocketed, putting the price of tuition out of reach for many low-income students. Over the same time, the tax code became more generous to the wealthiest Americans — the top marginal income-tax rate fell from 70 percent in 1980 to 39.6 percent in 2017, taxes on capital gains fell by more than half from the mid-1970s to the mid-2000s, and the estate tax has fallen as well.

Those changes have made it easier for high-income Americans to grab more and more of the income pie in any given year.

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Evil GOP bastard Paul Ryan declares a class war on Americans

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Last week I told you about the devil’s bargain that the mythical moderate from Maine, Sen. Susan Collins, made in exchange for her vote on the Senate GOP tax bill. The Senate GOP tax bill is also an assault on health care (excerpt):

The Congressional Budget Office (CBO) has now scored the bill negotiated by Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA) to stabilize the “Obamacare” market, and it also comes up woefully short. The CBO just released a report that should worry Sens. Susan Collins and Lisa Murkowski:

A new report from the Congressional Budget Office dealt what should be a crushing blow to the tax bill: The deal that was crafted to win key senators who objected to the bill’s provision that would leave millions uninsured won’t actually stanch the loss in coverage.

With moderates expressing concern over a provision that would repeal Obamacare’s individual mandate — leaving an estimated 13 million more uninsured by 2027 — Republican leadership hatched a plan to simultaneously pass a bill to stabilize the Obamacare marketplaces, a proposal negotiated by Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA).

But this proposal hit a major snag Wednesday when a new CBO report found passing the Alexander-Murray proposal — the centerpiece of which is funding Obamacare’s cost-sharing reduction subsidies that Trump has threatened to pull — would not in fact help mitigate the coverage losses and premium hikes triggered by repealing the individual mandate.

But wait, there’s more. In making this deal with the devil, Sen. Collins forgot about the other devil with whom she actually needed to negotiate, i.e., the GOP’s alleged boy genius and Ayn Rand fanboy, Paul Ryan, “the zombie-eyed granny starver from the state of Wisconsin.”

Boy genius says “Deal, what deal? I have no deal with Sen. Collins.”

Steve Benen reports, Paul Ryan wasn’t part of Susan Collins’ tax deal:

Sen. Susan Collins (R-Maine) surprised many when she threw her support behind the Republicans’ tax plan on Friday. Among other things, independent estimates showed that the GOP proposal would leave 13 million Americans without health insurance, and that’s ordinarily the sort of thing the Maine Republican would care about.

As part of an explanation, Collins said she’d reached an agreement with party leaders for votes on two other pieces of legislation, which she believes would mitigate the harm done by the GOP tax plan. There are, however, two problems with this, the first being that the proposals Collins has in mind appear inadequate to address the systemic harm done by her party’s proposal.

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Update on the Senate GOP tax bill clusterfuck (updated)

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The  tragedy of the  political career of John McCain is that he is a man who frequently espouses high morals and principles and assails others for not having them, McCain: Trump doesn’t have any ‘principles and beliefs’, but he has regularly failed to live up to the very principles which he espouses. He is ultimately a “say anything” politician who plays to his fawning base, the beltway media and Arizona media, who treat him as if he is a senior statesman. McCain is and has always been nothing but a deeply flawed hypocrite.

On the same day McCain criticized our Twitter-troll-in-chief for not having any principles and beliefs, McCain demonstrated that he does not follow his own principles and beliefs, recently expressed in his August op-ed John McCain: It’s time Congress returns to regular order and his dramatic floor speech in the Senate chastising his colleagues prior to the vote on the “skinny repeal” of Obamacare.

Mr. “regular order” gave his consent to the Senate GOP tax bill which at this very moment is still being drafted with provisions no one has seen or read, a tax bill which Senate GOP leadership drafted in secret without Democratic input, committee hearings, stakeholder or public testimony or input (both stakeholders and the public are opposed to this terrible bill), and was just introduced last week, with only a markup before the Senate Finance Committee which reported out the bill on a party-line vote, so that it could be rushed to a vote by the end of this week before anyone could discover what is in it.

As Laurie Roberts of The Republic laments, John McCain’s support of tax reform bill is another ‘danged fence’ moment. Even when confronting his own mortality and having to answer before his God, John McCain simply would not do the right thing for the American people.

Other key developments in the GOP tax bill on Thursday: the congressional Joint Committee on Taxation (JCT), employing magic asterisk dynamic scoring sprinkled with “trickle down” fairy dust, nevertheless says the Senate tax bill will add $1T to deficits, even with growth:

The Senate GOP tax bill won’t produce enough economic growth to fully pay for its tax cuts, the Joint Committee on Taxation (JCT) said in an analysis released Thursday.

The bill’s macroeconomic effects would reduce the deficit by $408 billion over 10 years, but the bill overall would still cost about $1 trillion, the JCT said.

The JCT had earlier estimated that the bill would lose $1.4 trillion in federal revenue before accounting for economic growth.

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The Senate GOP tax bill is also an assault on health care

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I explained the other day how the mythical moderate from Maine, Senator Susan Collins, is being played by the Trump White House on her wholly insufficient “Obamacare” reinsurance fund bill in order to gain her vote on the Senate GOP tax bill. In major policy reversal, Trump now backs bipartisan fixes to ‘Obamacare’ to get Sen. Susan Collin’s vote on GOP tax bill.

The Congressional Budget Office (CBO) has now scored the bill negotiated by Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA) to stabilize the “Obamacare” market, and it also comes up woefully short. The CBO just released a report that should worry Sens. Susan Collins and Lisa Murkowski:

A new report from the Congressional Budget Office dealt what should be a crushing blow to the tax bill: The deal that was crafted to win key senators who objected to the bill’s provision that would leave millions uninsured won’t actually stanch the loss in coverage.

With moderates expressing concern over a provision that would repeal Obamacare’s individual mandate — leaving an estimated 13 million more uninsured by 2027 — Republican leadership hatched a plan to simultaneously pass a bill to stabilize the Obamacare marketplaces, a proposal negotiated by Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA).

But this proposal hit a major snag Wednesday when a new CBO report found passing the Alexander-Murray proposal — the centerpiece of which is funding Obamacare’s cost-sharing reduction subsidies that Trump has threatened to pull — would not in fact help mitigate the coverage losses and premium hikes triggered by repealing the individual mandate.

Previous estimates from the CBO found that repealing the individual mandate, the Obamacare policy that penalizes people who opt out of buying health insurance, would leave 13 million fewer insured by 2027 and increase premiums by an average of 10 percent over the next decade.

“If legislation were enacted that incorporated both the provisions of the Bipartisan Health Care Stabilization Act and a repeal of the individual mandate … the effects on the premiums and the number of people with health insurance coverage would be similar,” Keith Hall, the CBO’s director, wrote in a letter to Murray.

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