Merry Christmas from Harry ... important details of the health care facist take over:
Below is the tally of spending cuts and taxes, all over the ten years of 2010-2019.
"Spending changes" (e.g., Medicare cuts): $483 billion.
Excise tax on high-premium plans: $149 billion.
Savings from "other sources" (like penalties for being uninsured): $108 billion.
Other "revenues": $264 billion.
Add up those numbers and you get $1,004 billion. Subtract that from the $871 billion gross cost and you get $132 billion in "deficit reduction" (with a $1 billion round-off error). Let me repeat:
You get "deficit reduction" by cutting Medicare and
raising taxes by more than $1 trillion:
Medicare and other program cuts of $483 billion, and
an extra $521 billion in new taxes and fees.
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