New Report: For Each Millionaire's Tax Cut, Four People Lose Health Care Coverage

TUCSON — A new report on the Republican Tax Law that Schweikert and Ciscomani voted for found that for the average tax cut the law gives to millionaires, four people will lose their health care coverage.

According to the Center for Budget and Policy Priorities:

“The tax cuts for millionaires in the law — averaging $80,000 per household — will cost the same as the health care cuts that will take health insurance away from 4.7 million people by 2034. Each $80,000 tax cut for one millionaire is the fiscal equivalent of taking health insurance from four people and reducing benefits for many others.

The recently enacted law prioritizes huge tax breaks for the wealthiest people at the expense of millions of people’s health and well-being: it contains more than $1 trillion in cuts to Medicaid and Affordable Care Act (ACA) marketplaces. This is the opposite of the approach taken by legislation like the ACA, which paid for health care coverage expansions in large part by raising taxes on the wealthy.”

"Ciscomani and Schweikert made a clear choice in their votes: they paid for tax cuts for the wealthy by taking health care away from millions of Americans," said Andrea Moreno, Executive Director of Honest Arizona. "Schwiekert and Ciscomani need to undo the health care cuts in the Republican Tax Law and lower health care costs—and they have an opportunity to do just that this month as Congress considers the Republican budget to fund the government.”

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