Surprise! Obamacare Repeal Includes A Stealth Tax Cut For Top Earners

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Surprise! Obamacare Repeal Includes A Stealth Tax Cut For Top Earners
By TIERNEY SNEED Published DECEMBER 9, 2016, 10:12 AM EDT

Republican plans to repeal the Affordable Care Act without a replacement — which health care policy experts predict could cost 30 million people their health insurance — will also bring a major tax break for high-income Americans.

Two taxes that will be presumably axed with the law affect only those making $200,000 or more. The break the ACA repeal will bring to those taxpayers will amount to a $346 billion tax cut in total over 10 years, according to the CBO report on the 2015 repeal legislation GOP lawmakers say they’ll be using as their model next year.

http://talkingpointsmemo.com/dc/surprise-repealing-obamacare-includes-a-big-tax-cut-for-the-rich