Friday, December 7, 2012

A bad deal appears to be emerging on the "Fiscal Cliff"

As I've been saying for a while now raising the Medicare age is about the worst thing you could do for your friends, family, and local community.  

It is a shell game that shifts the cost burden onto individuals, businesses, and state Medicaid roles.  But does nothing in addressing the health care challenges we face over the long term--in both the public and private sectors. 

Its a terrible trade-off just to get what will happen with or without a deal--an expiration of the Bush tax cuts for the top 2%.

Ezra Klein reports on a deal that appears to be coming together that is going to do just that---The fiscal cliff deal comes clearer: a 37% top tax rate and a higher Medicare eligibility age

Talk to smart folks in Washington, and here’s what they think will happen: The final tax deal will raise rates a bit, giving Democrats a win, but not all the way back to 39.6 percent, giving Republicans a win. That won’t raise enough revenue on its own, so it will be combined with some policy to cap tax deductions, perhaps at $25,000 or $50,000, with a substantial phase-in and an exemption for charitable contributions. 

The harder question is what Republicans will get on the spending side of the deal. But even that’s not such a mystery. There will be a variety of nips and tucks to Medicare, including more cost-sharing and decreases in provider payments, and the headline Democratic concession is likely to be that the Medicare eligibility age rises from 65 to 67.

Now is the time to start putting pressure on elected officials not to cut a deal that will hurt the middle class.  Now is the time to start pressuring your friends to do the same.  The GOP are pushing to "save money"[sic] in an inefficient manner and do so on the backs of hard working Americans.

Also see: Republicans think you are bad at math---or why raising the Medicare age of eligibility is a really really bad idea...

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