General Discussion
In reply to the discussion: Calculator to see how the "tax cut" bill will affect you. [View all]Freethinker65
(11,201 posts)Not nearly enough savings to offset thousands of extra $$$ I will be paying if I decide to purchase health insurance on the open market with no ACA (with a pre existing condition) when my husband retires and I lose his employer coverage.
And the deficit created by this MillionaireCare tax scheme will lead to severe cuts in Social Security and Medicare, so essentially my life is screwed, so that he and others get to use a pass through for his investment holdings along with reduced corporate rates with no strings attached and plenty of additional loopholes untouched. Oh, and I currently live in Illinois, one of those blue high tax states that will get screwed as housing prices take a hit (have read the decrease in value will be from 10-20 %).
But the CNN model does not factor in those things. It admits it does not include those and other factors, so is essentially useless to compare much of anything.