President Barack Obama on Sunday slammed the Republican-led Congress for failing to fund the Affordable Care Act, calling it a “bailout” for the insurance industry and highlighting his opposition to the tax overhaul.
“We’re not here to bail out the insurance companies, and I’m not here, unfortunately, to bail them out,” Obama said at a press conference at the White House.
That’s not what we’re doing.””
And this is a bailout for the insurers.
That’s not what we’re doing.”
The Affordable Care of America Act, also known as Obamacare, was passed in 2010 and requires insurers to offer coverage to all people at no cost to them.
It’s been credited with helping more than 5 million Americans gain coverage, but the Republican Congress has not passed a budget that would pay for it.
The president, who campaigned on repealing Obamacare and making it a national right, was asked about Republicans’ failure to fund health care and the economy during his press conference.
“It’s the insurance, not the people, and the insurance is hurting the economy.
And we’ve got to do something about that,” Obama replied.”
There are a lot of Republicans who say, ‘Oh, but I’m for the little guy, I’m against Obamacare, I don’t care about the insurance company.
I just want to get out of debt, I want to invest in my family.
But that’s not the way you do it.’
That’s the way Republicans do it.”
The president’s remarks come as the Senate is expected to vote on a package to overhaul the U.S. tax code this week, with a GOP leader reportedly saying he would hold a vote on it if Democrats are unable to get the legislation passed.
While Obama did not directly criticize the Republican health care bill, he did criticize the party’s tax bill, which has been dubbed “Trumpcare.”
The Senate’s tax legislation is expected on Tuesday.
“The tax bill is a giveaway to the insurance and the health insurance companies,” Obama told reporters.
“It’s a giveaway that will give those big corporations tax breaks.
And then there’s the other giveaway, too, which is that they have no responsibility to pay their fair share.
This is about the economy, and it’s not even about whether I’m voting for the Republican or the Democrat. “
So this is not about the race.
This is about the economy, and it’s not even about whether I’m voting for the Republican or the Democrat.
It is, after all, about the American people, who are looking for something that’s fair and not unfair.”
Obama also noted that the Senate bill is the first time he has supported a tax overhaul in 20 years.
“I voted against the tax bill,” Obama added.
“But I’m going to vote against the one that’s coming out this week.”
Democrats are set to begin voting on the House-passed legislation next week, but Republicans have signaled that they are considering a last-minute delay.
“Republicans are considering delaying votes on their tax bill in the House and Senate,” House Speaker Nancy Pelosi (D-Calif.) told reporters Sunday.
“The White House says it’s up to them, and we will follow their lead.
But the House should stop this already.”
Republicans have indicated they may delay votes in order to avoid having to pass the Senate-passing legislation, which would require Democratic support for any budget-related measures.
Pelosi has been outspoken about her party’s need for tax reform, saying Republicans need to do more to create jobs.
“What we need to be doing is moving in a different direction,” Pelosi said in a statement last week.
“If Republicans continue to try to cut taxes for millionaires and billionaires, they are not going to succeed.
They are going to fail.”