The new tax bill
To the Editor:
Senate Republicans (except for Bob Corker) managed to pass a tax bill which was cobbled together on the day of the vote and not even read by those voting. There were no public debates and absolutely no open hearings.
It will increase the deficit by $1.4 trillion over the next 10 years. Especially egregious is that people making under $75,000 will be paying more while those making billions will be paying less in taxes. Students struggling to get an education will not be able to deduct the interest on their student loans. Republicans were even so petty that they are removing deductions for teachers who buy supplies for their classrooms ($250). Deductions for charitable contributions will be ended. State taxes will no longer be deductible.
Billions will be transferred out of Medicare to the richest among us. Obamacare will be gutted. Medicare as we know it is destined to be ended.
Republicans have long desired to privatize Medicare. Corporations exist to maximize profits. The government runs Medicare very well and not for profit. Corporate administrative costs and profits will eat up what we will have to pay in premiums when Medicare is privatized. Plans will cost more money (if you will even be able to afford one) and provide less coverage. Will selected corporations have to issue plans with pre-existing condition clauses? Anyone over 65 without a pre-existing condition is truly blessed. Gutting Medicare is not a good omen for those of us dependent on it.
Once again, money has spoken. Helping American citizens is not in Republican DNA. This tax bill is proof of that. Call your elected leaders in Washington if you do not want this tax bill.