Titus: AHCA tax cuts would allow 1-percenters to buy Lamborghini, 26 Rolexes

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Mikayla Whitmore

Congresswoman Dina Titus speaks during the RTC Bike Share launch event in Downtown Las Vegas on Oct. 26, 2016.

Wed, Mar 22, 2017 (10:10 a.m.)

Rep. Dina Titus, D-Nev., came out swinging on the American Health Care Act on the House floor, zeroing in on analyses by the Joint Committee on Taxation showing that tax cuts in the legislation would save the wealthiest 0.1 percent of Americans nearly $200,000 each in a single year.

Here’s the transcript of her remarks, which she tweeted Wednesday morning:

"This GOP disastrous health care proposal is really just the largest transfer of wealth to the super-rich in this nation’s entire history.

In fact, it gives the top 1 percent of earners a windfall of tax breaks and subsidies, and the super-rich are going to be able to buy a lot of things with this new money.

"It’s been estimated they could buy one new Lamborghini, 26 new Rolex watches or 44 sets of Super Bowl tickets thanks to this tax cut.

"In effect, you are shifting wealth from Main Street to Mar-a-Lago ... from my district to Mar-a-Lago.

"Forty-four thousand people in my district in Southern Nevada will lose their health insurance according to the Center for American Progress.

"You know, our president — well, not our president, he’s not my president, but anyway — said he didn’t know health care could be so complicated.

"Well, if you look at this bill, it’s really not very complicated. It’s quite simple. Premiums go up, benefits go down, deductibles go up, coverage goes down, prices go up, health care for women goes down.

"Vote no on this bill."

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