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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOne Certainty of G.O.P. Health Plan: Tax Cuts for the Wealthy
https://www.washingtonpost.com/news/post-politics/wp/2017/03/15/trump-to-celebrate-andrew-jacksons-250th-birthday-in-nashville-attend-a-rally/?utm_term=.025f5e3d6c53WASHINGTON The House Republicans plan to replace the Affordable Care Act is messy and confusing. No one is sure exactly how Americans will be affected and how much more health insurance will cost them.
But there are two certainties. Their health care plan provides a tax cut for the wealthiest Americans. And it will make it easier for Republicans to pass more tax cuts this year. It could also be viewed by some people as a break from some of the populist campaign promises President Trump made to lift up the countrys forgotten men and women.
The Congressional Budget Office analysis of the Republican plan released this week revealed the full scope of the windfall that the legislation would bring. It offers billions of dollars worth of tax cuts to health insurers, pharmaceutical companies, investors and even tanning salon operators. The cuts amount to nearly $1 trillion over a decade. The beneficiaries would be the richest Americans who for years have complained that the Affordable Care Act unfairly burdened them with the responsibility of subsidizing insurance for the poor.
The repeal of the taxes levied by the Affordable Care Act is necessary for Republicans to move forward with an even more ambitious part of their agenda: tax reform. Doing this first shrinks the amount of revenue they are going to have to raise to make their tax bill add up, said Howard Gleckman, a fellow at the Tax Policy Center.
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One Certainty of G.O.P. Health Plan: Tax Cuts for the Wealthy (Original Post)
jpak
Mar 2017
OP
Wellstone ruled
(34,661 posts)1. Many of us understood what
this so called Repeal and Replace was all about. What is sick is,the Pansy Ass Press will not go there. It was and is a Wealth Transfer tool for pay back for Campaign support.
wiggs
(7,820 posts)2. The GOP priority is always tax cuts for the wealthy. Every discussion of every issue
should begin with a recap that this is a continuation of a decades long effort to provide either tax cuts to the wealthy or outright welfare to the wealthy. It touches everything they do.
School choice = Tax cuts for the wealthy
Deregulation = Tax cuts for the wealthy AND welfare to the wealthy
Tax reform = Tax cuts for the wealthy
Military buildup = welfare for the wealthy
Busting unions = welfare for the wealthy
Health care reform = tax cuts for the wealthy