Tax Expert Confirms Ohioans Will Pay More in Premium Hikes Than They Get in GOP Tax Bill, After GOP Inserts Late Night Provision to Unravel Affordable Care Act
While questioning an expert witness before the
See attached video here: https://youtu.be/U9rV3y4nFYA
* The expert confirmed to Brown that the average family of four in
* Similarly, an individual earning
Brown also questioned the witness about what the billions of dollars being taken away from health insurance subsidies would be used to pay for. The expert confirmed the money is used to pay for tax cuts for corporations in the bill - including those who send jobs overseas. An expert tax witness confirmed to Brown yesterday that the current tax bill encourages corporations to send jobs overseas.
According to the
* Cause 13 million people to lose their insurance;
* Raise health insurance premiums by about 10 percent; and
* Take
Complete transcript of Brown's questions at today's hearing follows below.
Brown: According to the
What is taking health insurance away from millions of Americans and raising the costs for others have to do with tax reform?
The CBO says taking away the subsidies that help American families buy health insurance will save
Carasso: Well, Senator, I think it's difficult to attribute that
Brown: Okay. So increase -- got it. What's the largest cost of this bill? The majority of money spent in this bill is for tax cuts for corporations, right?
Carasso: As we understand it, yes.
Brown: You've got to figure that some of that
As we learned yesterday, these are some of the very same multinational corporations that are rewarded in this bill, in this tax bill, they get tax breaks to shut down production in
So the beneficiaries of this provision on the 338 billion are again going to be the same corporations that are being rewarded for sending American jobs overseas.
Brown: We now know this bill will cause, according to CBO, will cause health insurance premiums to go up 10%. For many families, that's a lot of money. So my next question,
Carasso: It's about
Brown: That's all tax filers, correct?
Carasso: That's all tax filers. I should say that's a net figure. That also includes those households that see tax increases.
Brown: That means the average tax cut for a family of four in
Carasso: Yes.
Brown: For tax filers earning a little bit less,
Carasso: About
Brown: That would include an individual in
Carasso: Correct.
Brown: Here's the problem. According to the
But paying
You said a family of four earning
If you want to cut taxes for the middle class, why don't you cut taxes for the middle class?
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