This week at CBPP, we focused on health care, federal taxes, and the economy.
On health care, Judith Solomon noted that the GOP’s plan to repeal the Affordable Care Act (ACA) without replacing it would leave the individual health insurance market in disarray, do little to help people losing their coverage, and leave 30 million more uninsured. Tara Straw highlighted that in seven states more than 1 million people would lose insurance. Our new state-by-state fact sheets reveal the anticipated impact on states when they lose federal funding and pay more in uncompensated care. Sarah Lueck pointed to a new study from the Urban Institute revealing that even a delayed repeal would cause immediate harm to states’ individual health insurance markets and reduce people’s access to coverage. Paul Van de Water discredited the claim that Medicare is going bankrupt, and showed us how the ACA significantly improved Medicare’s finances.
On federal taxes, Chuck Marr showed that the GOP “Better Way” tax plan overwhelmingly benefits the wealthy and that Republican “small business” tax cuts aren’t primarily for small businesses. He also showed how expanding the Earned Income Tax Credit (EITC) could replace income that workers have lost in recent decades. Roxy Caines provided the latest on CBPP’s “Get It Back Campaign”: a video explaining the EITC’s numerous benefits in 74 seconds. Chye-Ching Huang examined the failure of the Arthur Laffer-inspired tax cuts in Kansas, and warned similar outcomes could arise under the proposed Trump tax cuts.