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Lawmaker warns Republican tax bill would cut health care for millions, cites CBO and Moody's concerns
Summary
In a floor speech, Speaker 1 warned the Republican tax bill would strip health coverage from roughly 13.7 million people, citing CBO distribution estimates and more than $500 billion in Medicare cuts, and pointed to a recent Moody's downgrade and rising mortgage rates as related risks.
Speaker 1, Speaker, told the chamber that a pending Republican tax bill would trigger large-scale losses of health coverage and widen economic inequality. "This bill will bring about the greatest loss of health care in American history," Speaker 1 said, citing nonpartisan Congressional Budget Office estimates and other economic indicators.
The warning centered on CBO figures that Speaker 1 summarized during the address: more than 6,000,000 Affordable Care Act enrollees and more than 7,000,000 Medicaid recipients would lose health coverage, a combined total the…
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