We were getting hints of this late this afternoon and now Politico, first, then the Washington Post are reporting, citing anonymous sources, that President Trump will end Obamacare’s cost-sharing reduction payments. This move, in combination with the executive order Trump signed earlier in the day, threatens to begin the unraveling of the Obamacare marketplaces.
CBO projects cutting off the payments will make premiums 20 percent higher by 2018 and 25 percent higher by 2020, while raising the budget deficit by nearly $200 billion by 2026.
What the GOP Congress could not do – repeal Obamacare – Trump is attempting, ham-handedly, with no replacement plan of any kind even contemplated. Just break it and let Congress, maybe, sort it out.
Late update: The White House press secretary just put out a statement confirming the CSRs will end:
What Republicans are calling “tax reform” is shaping up as the worst kind of legislative mess. To the degree we know specifics, the plan would amount to a massive windfall for the wealthiest Americans. This is hardly surprising. What is surprising are the ways the chaos and disorganization within the GOP (and perhaps also a sense of invulnerability) have led to the creation of a law which would actually hurt a lot of people who really don’t need to be hurt and are politically powerful to boot.
Let me explain what I mean. Read More
We’re missing one crucial piece of the roadmap to the Russia probe’s various social media threads.
NYPD reviewing police files on Weinstein sex assault allegations.
From TPM Reader CM …
Creative Writing MFA candidate here, with some further thoughts on the word ‘tactical’ as it seemst o be used/intended in current gun culture. These are mostly implicit in the point made by your earlier reader but:
From TPM Reader BF …
I know that a lot of the rhetoric from the pro-gun crowd revolves around “protection from tyranny,” but my sense is that the “tactical situation” they are mostly thinking about is more lurid than that. You sometime hear them talking about the “zombie apocalypse” or more generally some sort of “social breakdown,” where their stockpiles might form the basis of a protective arsenal. Are they really worried about zombies? Of course not. That’s just a wink-wink, nod-nod.
From TPM Reader SS …
I cannot do this argument justice, but I’m a fan of historical firearms and the engineering that goes into them. I’ve grown up around guns, I understand how they work, I have fired them at the range, but I don’t own any because I’ve never bought into the self defense argument.
One has to realize that the NRA is not about gun owners, it is a group whose purpose is to promote the interests of gun makers.
Trump’s threats to broadcasters’ “licenses” demonstrates the classic Trumpian one-two punch: deeply alarming and deeply ignorant. Tierney Sneed explains what he can and can’t do.
Trump: The stock market went up. That’s like paying off the national debt.
The country, we took it over, the last eight years they borrowed more than it did in the whole history of our country. So they borrowed More than $10 trillion. Right? We picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months. In terms of value. You can say in one sense, we are really increasing values and may be in the sense, we are reducing debt. We are very honored by it and very, very happy by what’s happening in Wall Street.