Madam President, on a completely different matter, we are continuing to watch as our friends across the aisle take big steps in their party's continued march toward the far, far left. As I understand, they will soon introduce the Senate…
Madam President, on a completely different matter, we are continuing to watch as our friends across the aisle take big steps in their party's continued march toward the far, far left. As I
understand, they will soon introduce the Senate version of the radical healthcare proposal that I have come to call Medicare for None.
It is only the latest installment in the steady drumbeat of calls for socialist central planning that we have been hearing from our Democratic colleagues as of late.
Earlier this year, we saw the Speaker of the House declare her top priority as the Democrat politician protection act, an effort to literally rewrite the rules of free speech in American elections and give political campaigns a big dose of taxpayer dollars, all so the outcome of the political process could be more to the Democrats' liking.
We have seen all but a tiny handful of our Democratic colleagues unable to reject an absurdly intrusive and mind-bogglingly expensive plan to forcibly remodel the U.S. economy and American families' lives until they are sufficiently ``green.''
Now, perhaps as soon as this week, the latest new scheme will make landfall in the Senate. I am sure it will grab a new round of headlines, but under the Cadillac hood, it will offer only the same old push mower engine, the same tired, debunked logic that Washington knows best and the American people can't be trusted to decide what is best for themselves and their families.
That tired, old engine cannot power the kind of healthcare that Americans deserve. The legislation my colleagues want to brand as Medicare for All hollows out the actual Medicare Program that our seniors rely on until the only thing left is the label. Then it takes that label and slaps it on a brandnew, untested, government-run plan that every single American would be forced into--forced into--whether they like it or not. In fact, competing private insurance policies, such as the ones that 180 million Americans currently use, would be banned outright--gone.
For the privilege of having their existing Medicare or existing employer-provided plans ripped away from them by the same old Washington experts who brought us ObamaCare with sky-high premiums and deductibles, out-of-pocket costs, and dysfunction--for that privilege the American people would have to pick up a historic $32 trillion tab. That is just the rough estimate for the first 10 years--$32 trillion over 10 years. That is more than the Federal Government has spent on everything--everything--over the past 8 years combined. It is so much that even senior Democrats aren't claiming to know how it will be paid for. That price is so steep that even left-leaning analysts are admitting that the tax burden is virtually certain to land on the shoulders of the middle class.
Here is the Washington Post, verbatim: ``Medicare-for-all in particular would require tax hikes on middle class families.''
To give you a sense of scale for this nightmare, one think tank has calculated that ``doubling all Federal individual and corporate income taxes''--doubling them--``would be insufficient to fully finance the plan.''
Doubling all of the corporate and individual income taxes would be insufficient to fully finance the plan. Doubling what Americans send to the IRS in income taxes would take away all of the competition and choice in the health insurance market. The failures and foibles of ObamaCare, as painful as they are for so many families, would likely be just the warmup act to this socialist bonanza.
Apparently this is what my Democratic colleagues believe will pass for a political winner. We are looking forward to that debate.
I will give them this: With Republicans standing for preserving what works and fixing what doesn't, for reducing tax rates instead of shooting them sky-high, and for strengthening the employer-sponsored and Medicare Advantage plans that American families actually rely on instead of snatching those plans away, my Democratic friends are certainly working hard to paint a contrast--and we welcome it.