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Trump signs his tax bill, leaving 17 million Americans uninsured

Senate and House Republicans cut the deals needed to pass Trump’s tax bill, which President Trump is signing into law today. This bill cuts Medicaid by $930 billion and leaves 17 million Americans uninsured, in order to help cover the cost of big tax cuts primarily for the ultra-rich. The bill also will increase the debt by more than $4 trillion by 2034. 

The conservative Committee for a Responsible Budget says the bill “fails evert test of fiscal responsibility.” If passed, it would add $600 billion to the deficit in 2027 alone. It also does not comply with the House instructions to include $2 trillion in spending cuts in exchange for $4.5 trillion in tax cuts. When you add in additional spending, Senate cuts total just $400 billion.

Over the weekend, Senate Finance Committee Ranking Member Ron Wyden, D-Ore. said:  “While Republican senators are securing baubles and trinkets for their political donors, the nonpartisan Congressional Budget Office has confirmed that the Senate bill will cut $930 billion from Medicaid. Just as before, these cruel cuts to Americans’ health care will strike a mortal blow to rural health care, and threaten the health and safety of kids, seniors, Americans with disabilities, and working families across the country. Life and death decisions of this magnitude should not be subjected to this rushed and reckless process. I urge Republican senators not to travel down this dangerous path: there is no band-aid that can heal these dangerous, deadly cuts.”

To be sure, Republicans pay no heed to Ron Wyden or any other fellow Democrat. And, in voting to pass the bill, they appear only to have listened to their wealthiest constituents. The bill will push more than 17 million Americans into the ranks of the uninsured and, in the process, drive up health care costs, decimate hospitals and nursing homes, and leave thousands of people to die needlessly. 

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