The government has just announced a scheme to make cuts to health programs for the poor and middle classes, and give huge tax reductions for the wealthy. It proposes to dramatically cut and restructure Medicaid and eventually lead to another 23 million Americans to lose any health insurance whatsoever. This will allow to finance a broad tax cut for the rich with billions of dollars pulled from Medicaid.
The biggest tax cut is to individuals earning more than $200,000 a year or to married couples with combined incomes of more than $250,000 and applies mostly to the taxation of investment income. This tax is repealed retroactively, to return to rich families tax money they paid over the last year.