The Obamacare Repeal Is a Money-Grab for the Already Rich

January 24, 2017
Editorial

For six years now, Republicans have tied their political fortunes in Washington to the repeal of the Affordable Care Act (ACA). Despite the fact that millions of Americans would lose medical coverage—the non-partisan Congressional Budget Office (CBO) estimates 18 million people within a yearand despite the fact that it would throw our entire health insurance system into disarray, the GOP has focused like a laser on unraveling this achievement that is vital to the health of our nation. Now, as they inch closer to making their misguided goal a reality, we’re beginning to see the real motives behind the push for repeal—and they have nothing to do with the quality or cost of health care. This is about tax cuts for the rich at the expense of the poor, plain and simple.

The ACA relies in part on taxes paid by Americans earning over $200,000 per year to provide coverage to the most vulnerable among us. The law financed sweeping provisions like the expansion of Medicaid and tax subsidies for common expenses like insurance premiums, co-pays and deductibles. The ACA covered these costs by expanding payroll taxes on high-income earners, and by creating a 3.8% tax on investment income. So for Republicans who are doggedly chasing repeal, this is less about the 20 million Americans who stand to lose coverage, and much more about their tried-and-true tactic of giving reckless tax cuts to the rich.

Read Rep. Grijalva's full op-ed in Time Magazine here.