Tax Bill Will Change Your Life, For Worse
The New York Times:
The tax cut package, for instance, could trigger rules mandating cuts to Medicare, the government health care program for seniors, the Congressional Budget Office warned. Some 13 million people could lose health care via the elimination of a key plank of Obamacare. Insurance premiums are also expected to rise by 10 percent.
“This tax bill is a grand deception,” said Arnold Hiatt, the former chief executive of Stride Rite, which makes children’s shoes. “It hurts the most vulnerable, and hurts health care and education, which are essential for a healthy economy.”
It is likely to pass the Senate, even John McCain now will vote in favor of it. The Joint Committee on Taxation says the bill "will add $1 trillion to deficit over a decade, even with economic growth."
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