Make America Sick Again (and save the top 0.1 percent of earners about $195,000 annually) Plan
Thanks, tRump. Thanks, pukes. How many will die?
Republicans' Obamacare repeal plan would cut taxes on the wealthy - By BRIAN FALER 03/06/17 09:50 PM EST
House Republicans’ Obamacare replacement plan would cut taxes on the wealthy by hundreds of billions of dollars.
Their long-awaited proposal, unveiled Monday evening, would among other things kill a 3.8 percent investment tax on the well-to-do that Democrats had used to help finance the health care law, as well as a 0.9 percent surcharge on wages above $250,000.
Though the legislation is focused on making good on Republican promises to repeal and replace the health program, it would likely also amount to the first big tax cut of the Trump administration, one that comes even before lawmakers tackle tax reform in earnest. The plan should make rewriting the tax code easier by moving the cost of some tax cuts into separate legislation.
Lawmakers did not immediately provide a cost estimate, but budget forecasters have previously estimated that nixing the two taxes would cost more than $300 billion over a decade.
The move would save the top 0.1 percent of earners about $195,000 annually, according to the Tax Policy Center.
http://www.politico.com/story/2017/03/obamacare-tax-cut-repeal-235752
