Thom's blog
So you think You'll Get a Tax Break, or tax cut? Really?
A letter was sent out recently by the American Medical Association, the American Hospital Association, the American Academy of Family Physicians. You're not hearing Breitbart News or Common Dreams - right or left - organizations or news sites with a point of view other than that they are committed to healing people.
The American Medical Association, they're committed to their doctors making a good income too because it's kind of a Union. The American Hospital Association, they want their hospitals to work. The American Academy of Family Physicians, I'd really doubt they have much of an axe to grind other than, "hey, we'd like families to be able to get health care."
The Federation of American Hospitals. BlueCross Blue Shield Association - it's a non-profit. The America's Health Insurance Plans - now, that's a lobbying group for the health insurance industry so that's the one that maybe I could discount.
But here's what letter says...
"Repealing the individual mandate without a workable alternative will reduce enrollment, further destabilizing an already fragile individual and small group health insurance market on which more than 10
million Americans rely."
So you know the Republicans - according to the American Medical Association, the American Hospital Association, the American Academy of Family Physicians, the Federation of American hospitals, BlueCross Blue Shield and America's Health Insurance Plans - the Republicans have a choice: who are you going to help?
Are you going to help people - Americans - who might get sick, or are you going to help the billionaires of America who want to be able to pass along all of the money that they made to their children even though their children didn't do anything to earn it, they just were members of the lucky sperm club?
-Thom
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Thom Hartmann Radio Program
Simply put, 83% of the tax cut benefits go to corporations and the wealthy, 17% to everyone else.
Also, it will add, at minimum, $1.5 trillion more to the debt. That will trigger automatic spending cuts which will diminish funding for Medicare, Medicaid, small business, education, rural and farm subsidies, higher education, and everything else non-military. (as you know that the GOP will always increase military spending).
The average American will lose more in government programs and services than they will gain in tax cuts. The average member of the bottom 60% economically will average a gain of $1/week.
Somebody has to pay for the corporate wealthy's new gift from the GOP. As always, as I found out when working on this article, that will be the majority who received their single bag of peanuts up front. (You also have agreed to give the peanuts back in 2025)