Senate Minority Leader Schumer Accuses Trump Of Incompetence And Catering To Hard Right Special Interests

Senate Minority Leader Senator Chuck Schumer (D-New York) blamed the sudden demise of the American Health Care Act which was pulled last Friday on U.S. President Donald Trump and accused him of incompetence and catering to hard right special interests.

Speaking on ABC’s This Week With George Stephanopoulos that aired on Sunday, Senator Schumer said you can’t run the U.S. presidency like you run a real estate deal and “tweet your way through the pit.”

“You can’t threaten and intimidate and say I’ll walk away. It’s more complicated” Sen. Schumer said.

On Thursday evening, President Trump gave Republicans in the House a last minute ultimatum to support the current Republican replacement legislation of the American Health Care Act or else accept Obamacare which comes after the Trump administration pushed for a House vote within just 17 legislative days during a time when President Trump was mired in controversy after making international news headlines surrounding his unproven controversial tweets about former President Barack Obama wiretapping him at Trump Tower.

Unlike former President Obama’s past efforts to hold several hearings and town hall meetings across the country to examine and promote the Affordable Health Care Act, Obamacare, over a period of several months, President Trump, who wrote the book “Art of the Deal”, preferred to act quickly and forcibly by pressuring Congress to vote in favor for repealing Obamacare and replacing it with the American Health Care Act.

President Trump was also busy promoting himself in mid March, holding a campaign rally in places like Tennessee, raising support and money for the 2020 election.

Not “Draining The Swamp” in D.C.

Senator Chuck Schumer (D-New York) told ABC’s This Week that President Trump campaigned as a populist presidential candidate against establishment politicians in Washington D.C. but he’s been “captured by the hard right wealthy special interests.”

“That’s who loved his proposal on the Trumpcare, because it gave huge tax cuts to the rich. If they do the same thing on tax reform, and the overwhelming majority of the cuts go to the very wealthy, the special interests, corporate America, and the middle class and poor people are left out, they’ll lose again” Schumer predicted.

Schumer said that America is “not where the hard right is” and pointed out that the tax breaks President Trump is proposing, 82 cents on the dollar, goes to financiers and in the places where those tax breaks will work, you’re getting huge highway tolls, which is in reference to Trump’s 1 trillion infrastructure proposal.

Vermont Senator Bernie Sanders said on CBS’s Face The Nation aired on March 12th that the American Health Care Act is a disgrace.

Sen. Sanders described the Republican proposed health care bill as a “massive shift of wealth from working people and middle-income people to the very richest people in this country.”

“It is a $275 billion tax break for the top 2 percent. Millionaires will get about $50,000 a year in tax breaks, while at the same time, some five to 10 million people are going to lose their health insurance, premiums are going to soar” Senator Sanders said.

Sanders claimed the American Health Care Act would “decimate” Medicaid which is the reason the American Medical Association, AARP, and the American Hospital Association oppose it.

Sanders said that in his view, and what the American people want, is an improvement on Obamacare, not the elimination Obamacare, and throwing so many people off of health insurance while raising premiums substantially.

Revised Estimate Of American Health Care Act from Congressional Budget Office (CBO)

According to the latest revised Congressional Budget Office (CBO) estimate, released on Thursday March 23rd, in 2018 there would be 14 million more Americans uninsured if the proposed Republican legislation is adopted compared to the current law with Obamacare.

By 2016 that figure would jump up to 24 million with the majority of the uninsured being Americans over 65.

The CBO reported that in 2026, an estimated 52 million people under age 65 would be uninsured under the proposed American Health Care Act, compared with 28 million who would lack insurance that year under the current law with Obamacare.

Higher Premiums Under The American Health Care Act

Premiums would also be higher for Americans if the American Health Care Act became adopted, at least for the first 2 years.

In 2018 and 2019, according to the CBO’S estimates, average premiums for single policyholders in the non-group market would be 15 percent to 20 percent higher under the American Health Care Act than under current law with Obamacare before premiums moderate in 2020 and then keep heading lower by 2026.

According to the CBO’s estimate, by 2026 average premiums for single policyholders in the non-group market would be 10 percent lower for Americans.

The March 23 revised CBO estimate also lowered their initial projection of how many billions will be saved with the federal deficit under the proposed American Health Care Act.

Based on the March 23rd revised estimate, federal deficits would be lowered by $150 billion over the 2017-2026 period compared to $337 billion over the 2017-2026 period from the CBO’s original estimate on March 13th.

Written and Edited By:

Johnathan Schweitzer

@SchweitzFinance

schweitz31@gmail.com


 

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