Obamacare repeal is a giant tax cut for the wealthy. That's why Republicans are obsessed w/ it.

[CousinIT]

Repealing Obamacare wouldn’t just end health coverage for 20 million people. It would also mean a significant tax cut for the wealthiest Americans.

These tax figures are important for understanding why Republicans are so committed to Obamacare repeal. It’s not just about delivering on a campaign promise to get rid of President Obama’s signature legislative accomplishment. It’s also about providing a significant tax cut to the top 1 percent of earners.

The Affordable Care Act includes many new taxes, often levied on the highest-income Americans to help finance the expansion of health coverage for lower-income citizens. This includes a 3.8 percent tax on investment income over a certain threshold, as well as additional payroll taxes on high earners.

The Tax Policy Center, a nonpartisan nonprofit based in Washington that provides analysis of tax issues in policy, finds in a new report that the net effect of Obamacare repeal is a massive tax cut for the rich.

TPC estimates that the top 1 percent of earners would get an average tax cut of $33,000 if Obamacare is repealed — and those in the top 0.1 percent would get an average tax cut of $197,000.

http://www.vox.com/2016/12/15/13967842/obamacare-tax-cut-wealthy

Related: GOP sticks two-pronged fork in #ACA: defund Medicare, cut taxes leaving no $$ for ACA eplacement

http://www.democraticunderground.com/10028411346

-and-

They hate gov't and especially ANY gov't program (no matter how successful or lifesaving - ESPECIALLY if it's successful and lifesaving):

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=8414249

[TheFrenchRazor]

1. yep; and ins. companies will drop many people, but not lower their prices; it's win-win. nt