Tag Archives: don’t get sick

How Trumpcare cuts taxes for the wealthiest, in one simple chart

The Senate Republican health care bill is a massive tax cut bill for the wealthiest citizens  masquerading as health care reform.  It would eliminate the Net Investment Income Tax, which applies only to income from investments and only on taxpayers making more than $200,000 or $250,000, depending on filing status.  That’s the main reason almost 60 percent of the benefits of the bill would go to people making more than $1 million annually, while most people earning less than $100,000 would either lose benefits or save just a few dollars in taxes.

Here’s a graphic from The Upshot, in The New York Times, showing who wins and loses under Trumpcare.

Credit rip-offs find their way to desperate medical patients

Just when I thought I’d seen every variation of the financial industry taking advantage of consumers at their most vulnerable, here comes an excellent piece in The New York Times about medical professionals steering patients toward medical credit cards and lines of credit charging 20 percent or more annually. Imagine being told you need a… Continue Reading

What to expect from the Ryan Administration

Mitt Romney will only release one year of past tax returns and won’t give any specific budget proposals. But sooner or later, he had to pick a vice-presidential candidate. So we can now look to Paul Ryan’s proposals as chairman of the House Budget Committee (Romney previously called a proposed Ryan budget “excellent work”) for… Continue Reading

Lies, damned lies, and unemployment statistics

     The latest word from the federal number-crunchers says the November unemployment rate dropped to 8.6% from 9% the previous month.  So why doesn’t it feel like the job market is getting better?      Simple reason:  The government does not include people whose unemployment benefits have run out in the official unemployment figures.  So while… Continue Reading

Three ways the budget deal is an underhanded scam

The so-called ‘compromise’ on raising the federal debt ceiling debt ceiling is fine if you’re not worried about being able to keep your job, don’t think you’ll need Medicare benefits someday, and live in a state that can raise all of the revenue it needs. For the rest of us, here are three ways the… Continue Reading

Yossarian would have loved our health care system

Speaker of the House John Boehner says that the mincing reforms passed by Congress last year would, “ruin the best health care system in the world.” What health care system is he talking about? Is it the system in which your health insurance coverage is tied to where you work, and if the business you… Continue Reading