{"id":35033,"date":"2017-06-28T13:46:22","date_gmt":"2017-06-28T20:46:22","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=35033"},"modified":"2017-06-28T16:15:20","modified_gmt":"2017-06-28T23:15:20","slug":"warren-buffett-blasts-gop-healthcare-bill-as-the-relief-for-the-rich-act","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=35033","title":{"rendered":"Warren Buffett Blasts GOP Healthcare Bill as the &#8216;Relief for the Rich Act&#8217;"},"content":{"rendered":"<p>On Tuesday the Republican Senate Majority Leader, Mitch McConnell, was forced to make an embarrassing announcement. After insisting that the Senate would vote on the GOP&#8217;s ObamaCare repeal bill before the July fourth recess, he has now removed it from the schedule. He had a good reason. There was no way it pass. At least nine Republican senators had indicated that they would vote no.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.newscorpse.com\/Pix\/Misc\/buffett-pbs.jpg\" alt=\"Warren Buffet\" width=\"550\" height=\"296\" class=\"aligncenter size-full wp-image-35036\" \/><br \/>\n<a href=\"https:\/\/www.facebook.com\/NewsCorpse\/posts\/1784327244915396\" target=\"_blank\" title=\"Share on Facebook\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.newscorpse.com\/Pix\/Advs\/fb-share-tn.jpg\" width=\"274\" height=\"20\" class=\"aligncenter\"\/><\/a><\/p>\n<p>The so-called <em>&#8220;Better Care Reconciliation Act&#8221;<\/em> is not only unpopular with some senate Republicans. Recent polling shows that the American people are overwhelmingly opposed to it. The <strong><a href=\"https:\/\/www.usatoday.com\/story\/news\/politics\/2017\/06\/28\/suffolk-poll-obamacare-trump-senate-health-care-plan\/103249346\/\" target=\"_blank\">USA TODAY\/Suffolk University Poll<\/a><\/strong> puts its approval at only twelve percent. The <strong><a href=\"http:\/\/www.npr.org\/2017\/06\/28\/534612954\/just-17-percent-of-americans-approve-of-republican-senate-health-care-bill\" target=\"_blank\">NPR\/PBS NewsHour\/Marist poll<\/a><\/strong> is only slightly better with seventeen percent of Americans approving. That includes support from only thirty-five percent of Republicans. <em>[<strong>And this just in:<\/strong> Even the latest <strong><a href=\"http:\/\/www.foxnews.com\/politics\/2017\/06\/28\/fox-news-poll-27-percent-favor-senate-gop-health-care-plan-as-vote-gets-delayed.html\" target=\"_blank\">poll from Fox News<\/a><\/strong> shows approval at only twenty-seven percent. Twice as many oppose]<\/em><\/p>\n<p>These are disastrous numbers for any public policy. It&#8217;s startling that the GOP would even be interested in pursuing this farce. And yet, McConnell continues to be optimistic about its prospects for passage. So does Donald Trump, who just met with the GOP senate caucus and <strong><a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/879828637733793793\" target=\"_blank\">celebrated<\/a><\/strong> their non-achievement.<\/p>\n<p>Among the skeptics of the Republican plan to make twenty-two million more people uninsured is billionaire investor Warren Buffett. In an interview with PBS&#8217;s Judy Woodruff (video below), Buffett made his opinion crystal clear. He expressed his support for a more inclusive healthcare plan saying that single-payer <em>&#8220;probably is the best system.&#8221;<\/em> Then he outlined what is one of the most troubling and unfair aspects in the GOP bill in the following exchange:<\/p>\n<blockquote><p><strong>Woodruff:<\/strong> &#8220;One of the things the Republicans are looking at, as you know very well, is doing away with the so-called Obamacare surcharge on people earning a higher income. So, Republicans are looking at taking that away, or doing away with that, which would mean a tax cut, you have said, for people like you.&#8221;<\/p>\n<p><strong>Buffett:<\/strong> &#8220;Well, I brought my tax return along for the last year. I filed this on April 15. And if the Republican \u2014 well, if the bill that passed the House with 217 votes had been in effect this year, I would have saved \u2014 I can give you the exact figure. I would have saved $679,999, or over 17 percent of my tax bill.<\/p>\n<p>&#8220;There\u2019s nothing ambiguous about that. I will be given a 17 percent tax cut. And the people it\u2019s directed at are couples with $250,000 or more of income. You could entitle this, you know, Relief for the Rich Act or something, because it \u2014 I have got friends where it would have saved them as much as \u2014 it gets into the $10-million-and-up figure.<\/p><\/blockquote>\n<p>Bringing in his tax return to provide a tangible example of how the wealthy would benefit was a nice touch. It was an effective method to drive the point home. But it was also subtle dig at Trump, who still refuses to release any of his tax returns. And Buffett had something to say on the subject of politicians feathering their own nests as well:<\/p>\n<blockquote><p><strong>&#8220;I might point out \u2014 it might be an interesting question. I think members of the Senate and the House get $174,000 a year. But most of them have \u2014 if you look at the disclosures, they have substantial other income. If they get to higher than $250,000, as a married couple, or $200,000 as a single person, they have given themselves a big, big tax cut, if they \u2014 if they voted for this.&#8221;<\/strong><\/p><\/blockquote>\n<p>Indeed. The <strong><a href=\"http:\/\/www.upi.com\/Top_News\/US\/2015\/01\/13\/Congress-worth-43B-individual-median-net-worth-1M\/7501421167230\/\" target=\"_blank\">median net worth<\/a><\/strong> of members of Congress is slightly more a million dollars. Fifty-one percent are millionaires. Obviously, they would personally profit from the changes proposed in the Republican bill. And that profit comes at the expense of millions of Americans being thrown off of their insurance plans. Millions more would suffer higher premiums and deductibles, fewer services, and denial of coverage for preexisting conditions.<\/p>\n<p>Buffett has long been an advocate for average Americans, despite his great good fortune. His critical observation that he pays a lower tax rate than his secretary became known as the <em>&#8220;Buffett Rule.&#8221;<\/em> He&#8217;s a shining example of a <strong><a href=\"http:\/\/patrioticmillionaires.org\/\" target=\"_blank\">Patriotic Millionaire<\/a><\/strong> (billionaire) who puts the welfare of his country and fellow citizens above his own personal interests. It&#8217;s the sort of compassion that Republicans ought to exercise when crafting their healthcare bill. But then, why would they start now? They have never done it before.<\/p>\n<blockquote>\n<p style=\"text-align:center;\"><strong>How Fox News Deceives and Controls Their Flock:<br \/>\n<a href=\"http:\/\/www.amazon.com\/gp\/product\/B00QSSMOES\/ref=as_li_tl?ie=UTF8&#038;camp=1789&#038;creative=9325&#038;creativeASIN=B00QSSMOES&#038;linkCode=as2&#038;tag=newscorpsecom-20&#038;linkId=TLI6JC2OYE22MUTS\" target=\"_blank\">Fox Nation vs. Reality: The Fox News Cult of Ignorance.<\/a><br \/>\nAvailable now at Amazon.<\/strong><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"403\" src=\"http:\/\/player.pbs.org\/viralplayer\/3002306670\/\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" seamless allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday the Republican Senate Majority Leader, Mitch McConnell, was forced to make an embarrassing announcement. After insisting that the Senate would vote on the GOP&#8217;s ObamaCare repeal bill before the July fourth recess, he has now removed it from the schedule. He had a good reason. There was no way it pass. At least [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[219,1,361,1200],"tags":[554,1142,923,1066,405,1244,422],"class_list":["post-35033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-general","category-healthcare","category-politics","tag-donald-trump","tag-healthcare","tag-mitch-mcconnell","tag-obamacare","tag-pbs","tag-trumpcare","tag-warren-buffett"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/buffett-pbs.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-973","jetpack-related-posts":[{"id":34892,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=34892","url_meta":{"origin":35033,"position":0},"title":"Maddow Blog: GOP Senate is Secretly Destroying ObamaCare While Trump Scandals Dominate Headlines","author":"Mark NC","date":"6\/13\/2017","format":false,"excerpt":"There has never been a presidency before like the one America is suffering through now. In less than five months Donald Trump has scored record low approval ratings. There are credible calls for impeachment swirling around Washington and the nation. And no wonder. He is being investigated by a special\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump Mitch McConnell","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-mcconnell.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-mcconnell.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-mcconnell.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":34843,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=34843","url_meta":{"origin":35033,"position":1},"title":"Donald Trump On Passing Healthcare Bill: &#8216;It&#8217;s Going to be Republicans or Bust&#8217; (VIDEO)","author":"Mark NC","date":"6\/7\/2017","format":false,"excerpt":"Donald Trump traveled to Cincinnati today to campaign on behalf of his infrastructure initiative.He delivered a typical misrepresentation of reality and offered no details about his own phantom proposal. But what stood out in his speech had nothing whatsoever to do with the topic he came to discuss. Taking a\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"ObamaCare Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/obamacare-trump.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/obamacare-trump.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/obamacare-trump.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10813,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=10813","url_meta":{"origin":35033,"position":2},"title":"Fox Nation vs. Reality: Bigfoot&#8217;s Epic Battle With ObamaCare And Congress","author":"Mark NC","date":"10\/31\/2013","format":false,"excerpt":"In takes a monumental heaping of chutzpah for Senate Republican Leader Mitch McConnell to criticize the approval rating for ObamaCare when he is the lowest ranked political leader in the nation with 22% favorability. He lands well below President Obama (49%), Nancy Pelosi (35%), House Speaker John Boehner (27%), and\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35100,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=35100","url_meta":{"origin":35033,"position":3},"title":"A Republican Appeal for &#8216;ObamaCare Horror Stories&#8217; Backfires Spectacularly","author":"Mark NC","date":"7\/5\/2017","format":false,"excerpt":"Donald Trump and the Republican-controlled Congress are continuing their efforts to kill ObamaCare. Never mind that that their proposed replacement is overwhelmingly opposed by the American people. In recent polls its support has languished in the teens. You have to wonder why a party would fight so hard for something\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Medicare For All","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/medicare-for-all.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/medicare-for-all.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/medicare-for-all.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":50360,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=50360","url_meta":{"origin":35033,"position":4},"title":"Crybaby Trump Whines Impotently About Passage of the Bipartisan Infrastructure Bill","author":"Mark NC","date":"8\/10\/2021","format":false,"excerpt":"There aren't many public spectacles more humiliating than a washed up politician who fails to see that his influence has dried up. That's the state of Donald Trump today. While his devoted cult followers keep his massive ego afloat, Trump's actual ability to impact the nation has suffered considerable shrinkage.\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10570,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=10570","url_meta":{"origin":35033,"position":5},"title":"Fox Nation vs. Reality: Fox News Recycles Three Year Old ObamaCare Lie","author":"Mark NC","date":"9\/17\/2013","format":false,"excerpt":"The professional prevaricators at Fox News really had to extend themselves to achieve their latest pinnacle of dishonesty. The lead story on their community web site, and Home of Flagrant Fallacies, Fox Nation, was another in their series of attacks on the Affordable Health Care Act (aka ObamaCare). The blazing\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/35033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35033"}],"version-history":[{"count":6,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/35033\/revisions"}],"predecessor-version":[{"id":35041,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/35033\/revisions\/35041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/media\/35036"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}