Tag: biden administration
Before The Fall: What American Healthcare Lost After Trump Took Over

Before The Fall: What American Healthcare Lost After Trump Took Over

When the Census Bureau reported on September 15 that the uninsured population remained steady at its all-time low of eight percent of the adult population in 2025, I immediately thought of this visual metaphor to describe the news:

Wile E. Coyote

The picture is of one Wile E. Coyote, whose imminent fall into the canyon of despair always came at the hands of the Acme Manufacturing Co., which, to continue the metaphor, stands for the malfunctioning products of the Trump regime and an obsequious Congress. The GOP’s One Big Ugly Bill didn’t pass until mid-2025. Its destructive impact on the nation’s health insurance rolls didn’t begin until this year.

In other words, today’s news is the final snapshot of the successes of the Biden administration. During its four years in office, the government beefed up subsidies for low- and moderate-income people buying insurance plans on the exchanges, and expanded Medicaid to include many more women, children and low-wage workers.

“These data do not reflect the impact of recent rising inflation or most of the cuts to food assistance and health coverage enacted in the 2025 Republican reconciliation law,” the Center for Budget and Policy Priorities posted on its website. “That law made the largest cuts to SNAP and Medicaid in our nation’s history and failed to extend the premium tax credit enhancements that made the ACA marketplace more affordable and successful in expanding coverage and lowering costs. These cuts are already taking food assistance and health care away from millions of people who need it, driving up poverty and hardship.”

Nearly three million people dropped ACA plans this year because of soaring premiums and the Trump regime’s failure to extend the additional subsidies passed during the Biden years. Nearly four million people have already been thrown off Medicaid.

The Census Bureau also reported wage gains in 2025 outpaced inflation. But again, this largely reflects the temporary waning of inflation during Biden’s last year in office and preceded the White House pursuing its undeclared war against Iran, which has shut Straits of Hormuz and sent food and fuel prices soaring.

While we should use this last “good” year as a benchmark for what is to come, let’s also remember that leaving 27 million Americans without health insurance — an eight percent rate — is an anomaly in the advanced industrial world. So is the fact that 44 million people or one in eight overall live in poverty.

CBPP points out that income inequality after taxes stood last year at its highest point in nearly two decades. That average wage gains outpaced inflation is of little solace to people in the bottom half of the income distribution when those gains are disproportionately distributed to the rich and well-to-do.

Merrill Goozner, the former editor of Modern Healthcare, writes about health care and politics at GoozNews.substack.com, where this column first appeared. Please consider subscribing to support his work.

Reprinted with permission from GoozNews

Is Trump's Promise To Slash Prices Working Out For You? No? I've Got Receipts

Is Trump's Promise To Slash Prices Working Out For You? No? I've Got Receipts

Donald Trump's assault on our democratic institutions did not stop voters from giving him a second term. The top reason they cited for reelecting him was the economy, notably their unhappiness over high prices.

During the campaign, Trump promised to "bring prices down, starting on Day One." How he would do this was left to our imagination. It seemed something along the lines of using his awesome powers to freeze prices and even make some melt. That and a pack of lies.

Two days back in office, Trump issued a "Fact Sheet" headlined "President Donald J. Trump Delivers Emergency Price Relief for American Families to Defeat the Cost-of-Living Crisis." Oh? Did you feel that instant "price relief" by virtue of Trump simply walking over the White House threshold once again?

His loyal defenders argued that, hey, that's how Trump talks. Give him some time and he'll bring the cost of living to heel. Trump has had well over a year to work his magic, and so let's see how his promises to enrich ordinary Americans have panned out.

— DOGE checks. Remember them? Trump said in February 2025 that he was "considering" a plan to send taxpayers some of the savings achieved by Elon Musk's Department of Government Efficiency. He threw out the number $5,000.

The number of DOGE checks issued: Zero.

— Tariff checks. Come August, Trump floated the idea of sharing the fruit of his trade war with the people. He talked of sending some tariff revenue back to Americans in the form of dividends.

The number of tariff dividend checks issued: Zero.

— Prescriptions 1,500 percent cheaper. Trump's negotiators did get drug companies to "promise" discounts on a small number of drugs. That led Trump to immediately announce something that was demonstrably untrue: "We now are paying the lowest price anywhere in the world for drugs."

Meanwhile, our median price for hundreds of brand-name drugs has risen four percent this year.

Not to quibble with Trump's math, but a 100 percent reduction would drive those drug prices down to zero. A 1,500 percent reduction is a mathematical absurdity.

— Credit-card interest rates capped at 10 percent. On January 10, Trump posted his call for that 10 percent limit on credit-card APRs (annual percentage rates). It was to start 10 days later and last a year. He added a threat to his decree: Credit-card companies would be "in violation of the law" if they didn't lower their rates as ordered. As it happens, presidents don't have the legal authority to force credit-card companies to slash their interest rates.

Spring is here, and the average credit-card APR is about 21 percent. That's higher than 10 percent, don't you think?

— Gas under $2.00. Trump promised that, but the war with Iran is incompatible with cheap gasoline. The U.S. average price for a gallon of regular gasoline currently stands at over $4.00.

— Lower grocery prices. On the campaign trail, Trump said, "A vote for Trump means your groceries will be cheaper." Since Trump returned to office, the consumer price index for "food at home" shows grocery prices up about 2.4 percent. That's not a huge jump, but in no way does it translate into "cheaper groceries."

Former President Joe Biden inherited messed-up supply chains in the wake of COVID. That was the main driver of his inflation numbers, though the stimulus spending didn't help. But when Biden left office, the inflation rate was down to three percent. For the record, it's now 2.4 percent.

There was much I didn't love about Kamala Harris, but Trump's attempt to violently overthrow the results of the 2020 election was the ultimate deal-killer for reelecting him. To me, the sanctity of American elections mattered more than the price of a hamburger. Many others, obviously, disagreed.

Froma Harrop is an award winning journalist who covers politics, economics and culture. She has worked on the Reuters business desk, edited economics reports for The New York Times News Service and served on the Providence Journal editorial board.

Reprinted with permission from Creators.

How Do We Make Billionaires Pay Their Fair Share Of Taxes? Beef Up The IRS

How Do We Make Billionaires Pay Their Fair Share Of Taxes? Beef Up The IRS

"The rich should pay their fair share of taxes." Who can argue with that? But then we must decide who is rich and what is meant by fair. Neither political party has distinguished itself in making such distinctions.

But Republicans play an especially outrageous game in portraying the Internal Revenue Service as the working stiff's enemy. For salaried workers, taxes come straight out of paychecks, meaning most are already paying what they owe. Owners of small businesses have more deductions at their disposal, but the neighborhood bakery that tries to follow the rules doesn't have much to fear.

When Joe Biden's Inflation Reduction Act funded the hiring of about 15,000 IRS employees, however, Republicans played the public for boobs. "Are they (the IRS) going to have a strike force that goes in with AK-15s already loaded, ready to shoot some small-business person in Iowa?" Sen. Chuck Grassley, the Iowa Republican, asked on Fox News.

In reality, criminal investigation special agents go only after serious tax cheats, and just 2,000 of them are armed. These cases involve destroying records, double-bookkeeping and the like. They aren't persecuting taxpayers whose math was innocently off or were even negligent.

And so to address Grassley's complaint: If some small business person in Iowa is engaged in money laundering, narcotics trafficking or major league fraud, then yes, armed IRS agents may come to visit.

The IRS employed about 102,000 people at the beginning of Donald Trump's second term. Staffing has been cut down to about 74,000. Not only are there fewer agents going after tax dodgers, but there are also fewer customer support workers able to answer ordinary people's tax questions.

The chief beneficiaries of lax tax enforcement are the rich who employ squads of accountants to hide income or manufacture unlawful deductions. The tax code already favors them. For example, capital-gains taxes — which are paid after selling stock or other assets — can pay taxes at a lower rate than wages. That's why Meta magnate Mark Zuckerberg has himself paid a salary of only a dollar a year. He is lavishly compensated through a cargo-ship-sized pile of securities and other assets taxed at the lower capital-gains rate.

There are reasons for treating capital gains differently from earned income, but must the tax advantage for the former be so big?

Democrats crusading for more tax "fairness" have this foolish habit of targeting their own rich residents. The proposal in Democratic-controlled California to slap a one-time five percent tax on everything a billionaire owns is nuts. Democratic Gov. Gavin Newsom wisely opposes this utterly complicated scheme, which it seems would force some Californians to add up the value of their vintage watches, boats and paintings for tax purposes. New York City Mayor Zohran Mamdani, meanwhile, weaves myriad proposals for raising taxes in ways that would seep deep into the middle class.

What the California and New York tax proposals have in common is providing an incentive for the rich to move elsewhere. It's not like these places don't already tax the top incomes. Many very rich people have continued to live in these jurisdictions for their economic vitality, schools, cultural institutions and other amenities. And they pay almost all the income taxes.

But they have limits. It's one thing to tax them. It's another to portray taxing them as a means of punishment. Tax reform that closes loopholes and special deals benefiting the super-rich much be done at the national level.

The IRS doesn't make tax laws. It is federal agency that collects taxes and enforces the laws. Middle-income and "merely affluent" Americans should recognize this: The taxes that the richest among us don't pay are taxes that they pay.

Froma Harrop is an award winning journalist who covers politics, economics and culture. She has worked on the Reuters business desk, edited economics reports for The New York Times News Service and served on the Providence Journal editorial board.

Reprinted with permission from Creators.

Sorry Mr. President, But The Affordability Crisis Isn't A 'Hoax'

Sorry Mr. President, But The Affordability Crisis Isn't A 'Hoax'

It was yet another performance that left us wondering about President Donald Trump’s failing mental faculties. Speaking to supporters at a rally in Mount Pocono, Pennsylvania last week, Trump was typically unhinged.

And we have two price charts. Do you remember the last time I pointed to a chart? I don't care what these charts say. My all-time favorite chart was the chart I had in Butler. I said, "Let's look at the chart." I don't care how good that chart looks, it's shit by comparison to the one in… It's nothing. I like the Butler chart. Remember that was on how great employment was and all this, but I like it for other reasons. Look at that chart. It's good. But now that I talk about the Butler chart, I don't even want to look at it, doesn't mean anything. But look, Biden price increases and Trump price increases. Look at Biden. Up 37, 24%, 22, 21, 30.7, 30.7 again, 10.4%, 49%. Trump, the price is down 5.1, 4.2, 0.5, down 4%, 2.9. Look at that. Our prices are coming down. Their prices, it's a hoax. They're just … Remember they said the Inflation Reduction Act, remember that? Billions and billions, hundreds of billions of dollars, the inflation, and after they got it approved, because we had a few Republicans that went along with that whole hoax.

If there was a coherent thought buried in all that gibberish, he later tried to summarize it this way: “Prices are coming down very substantially. But they have a new word. They always have a hoax. The new word is affordability.”

He can call it a hoax all he wants, but Trump and his team know affordability is a real problem. That’s why he’s suddenly trying to co-opt the term, like a cringe Truth Social post declaring himself “THE AFFORDABILITY PRESIDENT.” It’s also why his team has sent him out on what it’s calling an “affordability tour,” which is how he ended up in Mount Pocono at the Mount Airy Casino Resort. The largest ballroom there holds about 1,200 people—a telling choice by a campaign clearly afraid of empty seats at a sizable venue.

What should worry Republicans is not just the optics, but the substance. A rally supposedly designed to counter Democratic attacks on affordability instead showcased Trump creating an entire alternate reality.

“We’re getting inflation,” he said. “We’re crushing it, and you’re getting much higher wages. I mean, the only thing that’s really going up big, it’s called the stock market and your 401(k)s that’s going up.”

That line should sound familiar, because Democrats already tried it—and paid the price. President Joe Biden and Vice President Kamala Harris spent much of the 2024 campaign insisting the economy was strong, that inflation was cooling, that wages were up, and that voters simply didn’t understand how good things really were.

Voters didn’t buy it. Telling people they’re wrong about their own financial stress is a losing message, no matter which party delivers it.

Trump is now making the exact same mistake, only he’s louder and more detached from the lives of the people he claims to be fighting for. Instead of acknowledging the pain people are actually feeling, he reached for a familiar crutch: bragging about the stock market, as if that is supposed to mean something to an audience in Appalachia or to anyone struggling to pay rent or buy groceries.

And he couldn’t stop.

“The stock market has set 51, this is in less than 10 months,” Trump said. “The stock market has set 51 all-time record highs. There’s never been anything like that. Bum, bum, bum, bum, bum, bum.” He repeated the claim again for good measure.

Then came a reprise of the “let them eat cake” routine he’s been workshopping for a while. After bizarrely claiming that without his tariffs “you would have no steel,” Trump explained that Americans should simply do without other consumer goods.

“You can give up certain products. You can give up pencils because under the China policy, every child can get 37 pencils. They only need one or two,” he said. “You don’t need 37 dolls for your daughter. Two or three is nice, but you don’t need 37 dolls.”

It’s remarkable watching so many cultish conservatives swing from “Don’t tread on me” to “Please daddy Trump, tell me how many dolls my daughter can have.” For the broader electorate, though, this message is political poison.

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