Representative Stefanik sold out her upstate constituents. She tries to defend her vote on the American Health Care Act (AHCA), but it’s undeniable: this bill will deeply hurt our communities. Besides failing as healthcare policy (which it does), the bill serves as payback for Representative Stefanik’s donors.
At its core, this legislation is not a health care law at all. It is a tax cut. It’s not even a tax cut for the middle class. It is nothing more than a tool for Congressional Republicans to provide tax benefits to their core constituency — the wealthiest 1%.
According to the Wall Street Journal, the bill transfers $275 billion from public health spending to the wealthy by repealing the 3.8% tax on capital gains for couples making over $250K (singles over $200K) and the .9% wage surtax on the same groups. According to the Tax Policy Center, the top 1% would receive 40% of the tax savings.
Why would Rep. Stefanik provide a tax cut for the wealthiest of Americans, many of whom do not even live in her district, while at the same time cutting health care coverage and support for the sick, the poor, and the elderly?
Rep. Stefanik’s list of donors shows that most of her money comes from outside the district and from financial institutions. These groups will benefit from these tax cuts. Her district, her constituents, the vulnerable will not. What do they get? Worse care, worse coverage, and more expense.
Rep. Stefanik made her choice. She chose the monied interests that fund her campaigns over the people of her district.