Search Results: hes 16

For four years as President, Trump promised over and over he'd deliver a great health care plan that would protect everyone.

2017

March 9: "Despite what you hear in the press, healthcare is coming along great. We are talking to many groups and it will end in a beautiful picture!"

March 24: "But I want to have a great health care bill and plan, and we will. It will happen. And it won’t be in the very distant future."

Oct 29: "... we will … have great Healthcare soon after Tax Cuts!"

2019

April 3: "I was never planning a vote prior to the 2020 Election on the wonderful HealthCare package that some very talented people are now developing for me & the Republican Party. It will be on full display during the Election as a much better & less expensive alternative to ObamaCare…"

June 16: "We’re going to produce phenomenal health care. And we already have the concept of the plan. And it’ll be much better health care. We’ll be announcing that in two months, maybe less."

Ten days later: "If we win the House back, keep the Senate and keep the presidency, we’ll have a plan that blows away ObamaCare,

Oct 25: "You’ll have health care the likes of which you’ve never seen,"

2020

July 19 We're signing a health care plan within two weeks,

July 31 "I’ll be signing it sometime very soon."

Aug 3 "hopefully, prior to the end of the month."

2024: JD Vance: There's "concepts of a plan"

After 7.5 years, Trump has failed to deliver a plan despite repeated promises he'd do so soon

It is forecast that the $1.3 trillion estimated cost of annual foregone revenue from Trump's tax reduction plans (out of a total revenue intake of $6.3 trillion annually) is a shortfall of 20.1% which would be offset by $5.9% increase in revenue from Trump's tariff plan.
In sum, a total loss of $14.2% of federal revenue with no plans for how to make up the shortfall. He has suggested giving the President control over the Fed to set interest rates as well as control of the money supply (printing money). He has also suggested to eliminate the debt ceiling. Economists & the Congressional Budget Office have derided both of these ideas as leading to precipitous rises and consumer prices and dangerously inflationary.

More detailed breakdown:
Donald Trump's proposed tariffs to make up this revenue loss from his tax cuts (which include a 10% worldwide tariff and a 60% tariff on Chinese goods paid for by the American consumer - so in effect a hidden tax), are estimated to generate approximately $280 billion annually.
If the 2017 Tax Cuts and Jobs Act Trump legislations provisions are made permanent, it is estimated that the federal government would experience a reduction in revenues of approximately $400 billion annually.
Additionally, the long-term fiscal impact would increase the national debt by $16.5 trillion over the next 75 years. This revenue loss primarily arises from the continuation of foregone income tax introduced by the TCJA.
Regarding the image above, Trump has NO ability to influence insurance rates as they are set at the state level, Congress has signaled that they have no plans to restore the state and local tax deduction (SALT), the president has no ability to mandate coverage of IVF treatment and the president has no ability to set credit card interest rates.