Okay, I've always been fairly good at basic math, but admit not much aptitude for the more complex stuff.
So help me out here.
How does a healthcare bill with a (rigged) price tag of just under $1 trillion reduce the deficit? This year. Or in 10 years. or in two decades?
Thank you for your concern in explaining this to me.
Simple....you raise taxes higher than the cost.
That is what the CBO evaluated.....how much tax revenue is in the bill compared to the cost of the healthcare plan.
All they needed to do was to implement in the bill tax increases that bring it to a point of lowering the deficit.
Every penny of estimated tax revenue ABOVE the estimated cost is one penny that the deficit decreases
Okay, I understand.
I will be taxed in excess of what I can expect in benefits from this legislation and therefore the deficit will be reduced.
That makes sense.
Next question while admitting that I am getting older and may not be as sharp as I used to be:
Presumably the fines imposed for not purchasing healthcare insurance will be less than the cost of the insurance. Why would I not then pay the fine instead of buy the insurance?
Thanking you again in advance for your kindly consideration of my query.