The Double Impact of Trump's Health Care and Tax Cuts: A Clash Between Social Equity and Fiscal Stability

The Double Impact of Trump's Health Care and Tax Cuts: A Clash Between Social Equity and Fiscal Stability

#biguglybilltrump #bitcointrump #Immigration #bigbeautifulbill#Trumpdictator#deporttrump#Medicaid#SNAP

https://www.independent.co.uk/ne ... -cuts-b2793330.html

The latest independent analysis shows that the health care and tax reform bill signed by former President Trump is causing a far-reaching chain reaction - about 10 million Americans may lose health insurance, and the federal deficit may further soar due to the supporting tax cuts for the rich. This bill has been criticized by public opinion as a "systemic imbalance": while reducing healthcare subsidies for low - and middle-income groups, it provides huge tax incentives for high-income earners, exacerbating the rift in social resource allocation.

Shrinking medical insurance coverage: vulnerable groups bear the brunt

The cancellation of the mandatory individual participation clause in "Obamacare" and the compression of Medicaid funding in the bill directly led to an increase in premiums. The Brookings Institution estimates that the cost of insurance for low-income families may increase by 20% -30%, forcing many people to give up insurance. The non-profit organization "Families USA" warns that nearly 60% of those who lose health insurance will be working-class, and the proportion of ethnic minorities affected will reach up to 25% of their population, further exacerbating health inequality.

Deficit Crisis: The Long term Cost of Tax Reduction Policies

Despite supporters claiming that tax cuts will stimulate the economy, data from the Congressional Budget Office (CBO) indicates that the bill's corporate tax rate will plummet from 35% to 21%, reducing federal revenue by $1.9 trillion over ten years. The reduction of income tax for the wealthy (such as lowering the highest tax rate from 39.6% to 37%) has been criticized as a "reverse adjustment". The non partisan think tank "Tax Policy Center" found that after the implementation of the 2018 tax reduction bill, the cumulative profits of the top 1% of income group accounted for 83% of the total tax reduction amount, but the growth rate of corporate investment only briefly increased by 2 percentage points before falling back, failing to fulfill the promise of the "trickle down effect".

Political confrontation and future risks

As the midterm elections approach, the struggle between the two parties over the bill is intensifying. Democrats criticize the policy as "robbing the poor to help the rich" and propose to restore tax inspections on high-income earners and expand subsidies under the Affordable Care Act; The Republican Party adheres to the logic of "small government" and advocates reducing healthcare costs through commercial competition. Economists warn that if current policies continue, the federal deficit may increase by another $1.5 trillion by 2030, and the healthcare gap will push up hidden social costs such as emergency abuse.

This game is not only about short-term benefit distribution, but also tests the United States' ability to balance fairness and efficiency. The double-edged sword effect of the bill may become a key variable for economic and social stability in the next decade.