The Blood on a Tax Cut
a cut of taxes that are painless to the small percentage of people who have to pay them — a 0.9 percent Medicare surtax, and 3.8 percent tax on net invested income for couples earning more than $250,000 a year.
.. And it’s not as if there’s been a great hue and cry to repeal those tax increases. “My wealthy clients barely noticed the taxes resulting from the Affordable Care Act and have not needed to make lifestyle adjustments,” wrote the Forbes contributor Carolyn McClanahan, a financial planner.
I bet if you asked rich people if they wanted to cut off health care for millions of their fellow citizens in exchange for a bit more money at the end of the year, most of them would say no, that’s crazy. Taxes don’t register among the top concerns of people, in poll after poll.
Why such a cruel bill, then?
.. “We’re talking about a great, great form of health care,” President Trump said at midweek, with all the conviction of someone peddling the fraud of Trump University.
And you have a Congress that was largely paid for by influential groups for whom tax cuts are the only reason to get out of bed in the morning. Still, we have a moment of rare consensus in this country: An overwhelming majority hates the Republican overhaul. No state in the union has voiced majority support.