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.
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?
- 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.