BREAKING NEWS

Nov. 27 New estimates from the Congressional Budget Office find that the Senate tax plan hurts the poor even more than originally thought. The main reason the poor get hit so hard under the CBO analysis is because they would receive less government aid for health care. Heather Long explains: “By 2019, [the CBO believes that] Americans earning less than $30,000 a year would be worse off under the Senate bill … By 2021, Americans earning $40,000 or less would be net losers, and by 2027, most people earning less than $75,000 a year would be worse off. On the flip side, millionaires and those earning $100,000 to $500,000 would be big beneficiaries[.] … CBO has calculated that health insurance premiums would rise if this bill becomes law, leading 4 million Americans to lose health insurance by 2019 and 13 million to lose insurance by 2027.”
Separately, Congress allowed the Children’s Health Insurance Program to lapse on Sept. 30 and must reauthorize it to prevent another 9 million kids from losing coverage. States have been using stop-gap measures to keep programs going, but several say they cannot keep doing so for much longer.