John Cassidy: “After Mitch McConnell, the Senate Majority Leader, released a draft of the Senate health-care bill, on Thursday morning, the media finally began focussing on the essence of what Republicans are proposing: an enormous redistribution of wealth into the pockets of the already-wealthy. The bill would modify the health-insurance subsidies introduced under the Affordable Care Act and dramatically cut Medicaid, all to deliver a big tax cut to the nation’s richest households. But there’s another aspect of the legislation that has received less attention, and that’s the way it staggers its various provisions, and claims billions of dollars in savings that are far from guaranteed.”
“If McConnell’s proposal were signed into law, the tax cuts for families earning more than a quarter of a million dollars a year would take effect immediately—in fact, they would be backdated to the start of the 2017 tax year. But many of the other big provisions in the bill would only take effect down the road.”
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