Presidential Candidates Respond to SCOTUS Obamacare Ruling

The Supreme Court’s 6-3 ruling Thursday may have kept the health care law and its insurance subsidies in place, but that doesn’t mean Republican efforts to “repeal and replace” the law are done. Major GOP presidential candidates took to Twitter following the Supreme Court’s announcement to blast the high court’s decision. Here are their responses and those from the Democratic candidates.
I am disappointed in the Burwell decision, but this is not the end of the fight against ObamaCare. http://t.co/3yaEVF1TaW
— Jeb Bush (@JebBush) June 25, 2015
Yes! SCOTUS affirms what we know is true in our hearts & under the law: Health insurance should be affordable & available to all. -H
— Hillary Clinton (@HillaryClinton) June 25, 2015
Despite the Court’s decision, ObamaCare is still a bad law that is having a negative impact on our country and on millions of Americans.
— Marco Rubio (@marcorubio) June 25, 2015
Justice Scalia got it right! "Words no longer have meaning if an Exchange that is not established by a State is "established by the State."
— Dr. Rand Paul (@RandPaul) June 25, 2015
I remain fully committed to the repeal of Obamacare—every single word of it. And, in 2017, we will do exactly that https://t.co/6i4WzLFzKR
— Ted Cruz (@tedcruz) June 25, 2015
#ObamaCare ruling is judicial tyranny. http://t.co/Di6WjxOc3y
— Gov. Mike Huckabee (@GovMikeHuckabee) June 25, 2015
Now that this ideological attempt to stop #ACA failed, we must redouble our efforts to bring health care to every person in this nation.
— Martin O'Malley (@MartinOMalley) June 25, 2015
Americans deserve better than what we’re getting with Obamacare. It’s time we repealed and replaced it! http://t.co/1EHfbVKBMa
— Rick Perry (@GovernorPerry) June 25, 2015
It is outrageous that the Supreme Court once again rewrote ObamaCare to save this deeply flawed law https://t.co/NBAnohFTW7
— Carly Fiorina (@CarlyFiorina) June 25, 2015
RT If you agree. We need real leadership in Washington, and Congress needs to repeal and replace #ObamaCare. #SCOTUScare - SKW
— Scott Walker (@ScottWalker) June 25, 2015
NEWS: Sen. Bernie Sanders' statement on Supreme Court decision upholding #ACA http://t.co/AUQgEHqUsi pic.twitter.com/PjyEillVBa
— Bernie Sanders (@SenSanders) June 25, 2015
Deeply disappointed by #SCOTUS ruling. Fundamental increase of govt control. I'm working to ensure next Pres repeals and replaces #Obamacare
— Dr. Ben Carson (@RealBenCarson) June 25, 2015
Today's Supreme Court ruling is another reminder that if we want to get rid of #Obamacare, we must elect a conservative President #RICK2016
— Rick Santorum (@RickSantorum) June 25, 2015
4.2 Million Uninsured People Could Get Free Obamacare Plans

About 4.2 million uninsured people could sign up for a bronze-level Obamacare health plan and pay nothing for it after tax credits are applied, the Kaiser Family Foundation said Tuesday. That means that 27 percent of the country’s 15.9 million uninsured people could get covered for free. The chart below breaks down the eligible population by state.
Takedown of the Day: Ezra Klein on Paul Ryan's Legacy of Debt

Vox’s Ezra Klein says that retiring House Speaker Paul Ryan’s legacy can be summed up in one number: $343 billion. “That’s the increase between the deficit for fiscal year 2015 and fiscal year 2018— that is, the difference between the fiscal year before Ryan became speaker of the House and the fiscal year in which he retired.”
Klein writes that Ryan’s choices while in office — especially the 2017 tax cuts and the $1.3 trillion spending bill he helped pass and the expansion of the earned income tax credit he talked up but never acted on — should be what define his legacy:
“[N]ow, as Ryan prepares to leave Congress, it is clear that his critics were correct and a credulous Washington press corps — including me — that took him at his word was wrong. In the trillions of long-term debt he racked up as speaker, in the anti-poverty proposals he promised but never passed, and in the many lies he told to sell unpopular policies, Ryan proved as much a practitioner of post-truth politics as Donald Trump. …
“Ultimately, Ryan put himself forward as a test of a simple, but important, proposition: Is fiscal responsibility something Republicans believe in or something they simply weaponize against Democrats to win back power so they can pass tax cuts and defense spending? Over the past three years, he provided a clear answer. That is his legacy, and it will haunt his successors.”
Number of the Day: $300 Million

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, wants the agency to be known as the Bureau of Consumer Financial Protection, the name under which it was established by Title X of the 2010 Dodd-Frank Wall Street reform law. Mulvaney even had new signage put up in the lobby of the bureau. But the rebranding could cost the banks and other financial businesses regulated by the bureau more than $300 million, according to an internal agency analysis reported by The Hill’s Sylvan Lane. The costs would arise from having to update internal databases, regulatory filings and disclosure forms with the new name. The rebranding would cost the agency itself between $9 million and $19 million, the analysis estimated. Lane adds that it’s not clear whether Kathy Kraninger, President Trump’s nominee to serve as the bureau’s full-time director, would follow through on Mulvaney’s name change once she is confirmed by the Senate.
Why Trump's Tariffs Are Just a Drop in the Bucket

President Trump said this week that tariff increases by his administration are producing "billions of dollars" in revenues, thereby improving the country’s fiscal situation. But CNBC’s John Schoen points out that while tariff revenues are indeed higher by several billion dollars this year, the total revenue is a drop in the bucket compared to the sheer size of government outlays and receipts – and the growing annual deficit.
Bank Profits Hit New Record Thanks to 2017 Tax Law

Bank profits reached a record $62 billion in the third quarter, up $14 billion, or 29.3 percent, from the same period last year, according to data from the Federal Deposit Insurance Corporation. The FDIC said that about half of the increase in net income was attributable to last year’s tax cuts. The FDIC estimated that, with the effective tax rates from before the new law, bank profits for the quarter would have risen by about 14 percent, to $54.6 billion.