Donald Trump has released his tax reform plan to the public and there are some astonishing revelations. Aside from the typical trickle-down economic policies that Republicans still believe in (or purport to believe in), this may be the most insane tax reform bill we’ve seen in a long time, with a legitimate chance to tank our country’s debt and budget. This will ultimately lead to very steep costs for the lower and middle-class Americans it’s supposedly designed to help. Here is a breakdown of what this bill will cost us (and you) as a country.
The healthcare budget would get slashed across the board
Essentially, this whole tax reform bill is just another way to repeal the Affordable Care Act. The bill itself would cut about $1.7 trillion from the ACA over the next decade. That would disproportionately affect low-income and moderate-income homes. If this budget were to become law, the American Health Care Act (AHCA) would provide the framework for health care expenditures, effectively removing 22-30 million people from health coverage. This would also include a $610 billion cut to Medicaid.
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