Americans who monitor the state of current U.S. political affairs are well aware of the Tax Cuts and Jobs Act. While many Republicans and conservatives have lauded and championed the bill as a much-needed tax relief for everyday Americans, Democrats and progressives have a different perspective. Despite the tax reductions, left-leaning Americans are still opposed to the Tax Cuts and Jobs Act and claim that it harms the lower and middle-income people of this country. Their assertions may partially result from the tax bill’s repeal of Obamacare’s controversial individual mandate.
As noted by Business Insider, with the repeal of Obamacare’s individual mandate comes the reality that many Americans who don’t require healthcare will choose not to purchase health insurance. While progressives often cite the Congressional Budget Office's report that 13 million Americans will not be insured by 2027 if healthy people decline to purchase insurance, there is one critical element that progressives have failed to take into account: the preservation of individual liberties and freedoms of Americans.
No American should be ordered by the government to either purchase something or pay a fine. It simply isn’t right or fair. People who work hard for their money should be able to spend it as they please. Moreover, the individual mandate was so unaffordable that many Americans simply opted out of paying it and chose to pay the fine. This should have conveyed the flaws of the individual mandate to liberals and other champions of Obamacare, but unfortunately, this has not occurred.
In a perfect world, everyone would have health insurance, but as everyone knows, we are not living in a perfect world. Furthermore, very few Americans are happy about the reality that some sick people simply cannot afford health insurance. Nearly everyone wants people to have access to health insurance if they require it. However, there are right and wrong ways to go about it. Sadly, Democrats have gone chosen the wrong path in their attempts to ensure that all Americans have access to healthcare.
In some cases, Obamacare’s individual mandate proved pricier than the mortgages of some people’s homes, as reported by Forbes. Additionally, a shocking 80% of Americans who chose to pay the fine rather than purchase unwanted and/or unneeded health insurance earned less than $50,000 annually. A third of this 80% earned less than $25,000 annually. For a party that supposedly cares about helping the poor, progressive Democrats have conveniently turned a blind eye to these statistics.
Paradoxically, liberals’ policies and reform have exacerbated poverty for innumerable Americans. Now the Tax Cuts and Jobs Act has remedied part of the problem.
The Tax Cuts and Jobs Act is an exceptional piece of legislation. In addition to granting tax cuts to countless Americans, it reduces the intrusion of government. People have the right to use their funds in the manner they desire. Furthermore, it is not the job of wealthy or middle-income Americans to shoulder the less fortunate or foot their bills. Many Democrats disagree with this sentiment and have even labeled it as a gross sense of entitlement. However, nothing is more grossly entitled than the government’s fallacious belief that they reserve the right to mandate what Americans choose to purchase.
The repeal of Obamacare’s individual mandate was necessary, long overdue, and will enrich the American people. Additional positive offshoots of the Tax Cuts and Jobs Act will continue to present themselves with the passing of time.