Wealthy Would Get Billions in Tax Cuts Under Obamacare Repeal Plan
Source: MSN/NY Times
Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.
The assessment was made by the Joint Committee on Taxation, a nonpartisan panel that provides research on tax issues.
* * *
The provisions would repeal two tax increases on high earners enacted in 2010 to help pay for the Affordable Care Act: an increase in capital gains taxes and other investment-related income, and a surcharge on Medicare taxes.
People making $200,000 to $999,999 a year would also get sizable tax cuts. In total, the two provisions would cut taxes by about $274 billion during the coming decade, virtually all of it for people making at least $200,000, according to a separate assessment by the committee.
Read more: http://www.msn.com/en-us/news/politics/wealthy-would-get-billions-in-tax-cuts-under-obamacare-repeal-plan/ar-AAo7P3r
Well, here is Joint Committee on Taxation's assessment. CBO report is due on Monday, but House Republicans simply don't want the result out there before they vote on the bill.
FailureToCommunicate
(14,027 posts)AllaN01Bear
(18,651 posts)always for their friends and campaign butt buddies.
mpcamb
(2,878 posts)Just as soon as we get these rich folks done with!
exboyfil
(17,865 posts)The total number of nurses in the country is about 3M. Granted we are talking about all healthcare workers, but it gives a feel for the scale of the money that will not be available in healthcare going forward.
My daughter graduates with her BSN in August. Suddenly the long term prospects for that occupation seem even more cloudy. Lots of need but no money to pay for it.
cstanleytech
(26,345 posts)on and help create more and more high paying jobs, in other news I have this absolutely adorable little bungalow located next to this simple gorgeous bridge overlooking San Francisco bay for sale for a limited time offer it even includes a free trip to the moon if anyone is interested PM me.
TheFrenchRazor
(2,116 posts)They_Live
(3,242 posts)kick HARD
Sunlei
(22,651 posts)at least
Bengus81
(6,936 posts)flamingdem
(39,335 posts)so he can fatten his 13 million dollar salary at the expense and health of MILLIONS
Sunlei
(22,651 posts)Sunlei
(22,651 posts)Because of Republicans.