The Republican Health Care Plan Includes A Tax Break For Insurance CEOs (Trumpcare)

[workinclasszero]

The Republican Health Care Plan Includes A Tax Break For Insurance CEOs
Insurance industry execs are getting a new tax break on salaries above $500,000 as part of the Republican plan to replace Obamacare. Paul McLeod BuzzFeed News Reporter

WASHINGTON — The Republican plan to replace Obamacare includes a tax break for insurance company executives making over $500,000 per year.

Companies can generally deduct employee salaries as a business expense but in 2013 the Affordable Care Act capped the deductions on health insurance executive salaries at $500,000.

The average compensation for top health insurance executives is in the millions. In 2014 the left-leaning Institute for Policy Studies found that this cap generated $72 million in additional tax revenue.

But that cap is being eliminated in the new American Healthcare Act unveiled Monday by Republicans. That means the more health insurance companies pay their executives the less they will pay in taxes.

https://www.buzzfeed.com/paulmcleod/the-republican-healthcare-plan-includes-tax-break-for-insura?utm_term=.jhYM8191b#.jbK2bxlxy

[Thrill]

1. Don't call it TrumpCare call it RepublicanCare

[workinclasszero]

3. He's the head of their party

If he signs it into law it's Trumpcare IMO.

Let the millions who will watch loved ones die terrible and needless deaths know that their god emperor, the savior of the white working class, who promised that no one would die in the streets with his great Obamacare replacement, was the one that signed their death warrant!

[Thrill]

5. I'd rather stick it on the party

[spanone]

2. republicans ALWAYS take care of their corporate masters.

[workinclasszero]

4. Ain't that a damn fact!

ALWAYS!