Losers in the tax scam

Continuing the last post, Hartmann now focuses on the losers after noting another winner, private equity companies via carried interest at a 20% rate. He starts in on the losers at 4:45:

1. Health insurance prices will go up given the loss of 13 million previously in the system who are no longer required to purchase it.

2. The elderly will be hit particularly hard by a 4% cut every year to Medicare. This will likely cause Medicare to cut expensive services like cancer treatment.

3. Low income people will have their earned income tax credit cut $19 billion over the next decade due to increases being tied to the chained Consumer Price Index, a scam as he explains.

See the video below for more. Taking from the poor and working class to give to the rich is exactly what this scam does.