Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis isn't a Healthcare Bill it's a Tax Cut for Millionaires
funded by yanking health insurance away from 15-25 million Americans.
In 2020 we've got to appeal to the 50% who do not vote and are survivors of the sick and dead that Paul Ryan created.
Fuck the trump voters. If they don't come around on their own, we don't need them.
It will be easier to mobilize the non voters than to flip the trump voters.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 568 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (3)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
This isn't a Healthcare Bill it's a Tax Cut for Millionaires (Original Post)
NightWatcher
Mar 2017
OP
dixiegrrrrl
(60,010 posts)1. Today most pundits are saying it is not gonna pass.
But I STILL would like to see it called TrumpCare as often & in as many places possible.
He is trying to schooch backwards from it now, knowing it is dead.
jmg257
(11,996 posts)2. Are there tax credits for high-income folks? Is it if they have employer healthcare?
NightWatcher
(39,343 posts)4. It repeals taxes that were created by Obama to pay for the ACA
https://mobile.nytimes.com/2017/03/10/business/tax-cuts-affordable-care-act-repeal.html
One of the taxes targeted in the repeal bill is a 3.8 percent tax on investment income, like capital gains. The other is a 0.9 percent surcharge on the Medicare taxes imposed on high-income earners individuals making more than $200,000 a year and married couples filing joint returns who earn more than $250,000 a year. That brings the Medicare tax levied on that income up to 3.8 percent as well.
The tax repeal would solely benefit wealthy Americans because the taxes were imposed only on the wealthiest. The increases were passed in 2010, when capital gains rates were near historical lows. During the George W. Bush administration, Congress cut the rates to 15 percent from 20 percent. With the 3.8 percent tax imposed by the Affordable Care Act, the top capital gains rate stands at 23.8 percent for the wealthiest Americans. That still makes the rate lower than it was for most of the 1970s, 1980s and 1990s.
jmg257
(11,996 posts)5. Ok - got it - thanks so much! nt
Blue_Tires
(55,445 posts)3. Forget 2020, if we don't flip one house in 2018 forget about it...