Warren Buffett has given Trumpcare the perfect nickname. Buffett is calling Trumpcare the Relief for the Rich Act.
Video of Buffett on the PBS Newshour:
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Well, I brought my tax return along for the last year. I filed this on April 15. And if the Republican — well, if the bill that passed the House with 217 votes had been in effect this year, I would have saved — I can give you the exact figure. I would have saved $679,999, or over 17 percent of my tax bill.
There’s nothing ambiguous about that. I will be given a 17 percent tax cut. And the people it’s directed at are couples with $250,000 or more of income. You could entitle this, you know, Relief for the Rich Act or something, because it — I have got friends where it would have saved them as much as — it gets into the $10-million-and-up figure.
But I might point out — it might be an interesting question. I think members of the Senate and the House get $174,000 a year. But most of them have — if you look at the disclosures, they have substantial other income. If they get to higher than $250,000, as a married couple, or $200,000 as a single person, they have given themselves a big, big tax cut, if they — if they voted for this.
Buffett was right. It is plain as day what this healthcare bill is really about. If Senate Republicans vote for this bill, they will be given themselves a big tax cut. Anyone who supports this bill is doing so as an act of personal greed. Senate Republicans are planning on voting for a tax cut for themselves while taking away health care from at least 22 million people.
Their support is an act of greed that reveals why this bill is an oligarchic redistribution of wealth to the richest Americans.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
