4 Ways the Republican Health Care Law Benefits the Rich..CNN Money:

[Stuart G]

http://money.cnn.com/2017/05/04/news/economy/tax-cuts-obamacare-repeal/index.html
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Here's what hasn't changed under the revised House Republican health care bill to repeal and replace Obamacare: The rich would still get tax cuts and other tax breaks.

That's because the legislation, which narrowly passed the House Thursday, would still repeal the tax hikes imposed by Obamacare on high-income households. They were intended to help fund insurance subsidies and other provisions.

The bill also would expand the contribution limits for certain tax-advantaged accounts.

There are no official public estimates of the revised bill's cost nor how it would change the bottom line for different income groups. But the story is likely to be similar to that under the original bill, said Gordon Mermin, senior research associate at the Tax Policy Center. That is, the wealthy are likely to see tax savings, while the lowest income households are likely to see benefit cuts.

1. Eliminate the Medicare surtax on wages: High-income earners currently pay the 1.45% Medicare payroll tax on wages up to $200,000 ($250,000 if married). But then they pay an additional 0.9 percentage points -- or 2.35% - on wages above those levels.

Under the House bill, that 0.9 percentage point surcharge goes away in 2023 -- a delay from the original legislation, which would have nixed it in 2018. The enactment date was pushed back to free up some money to augment tax credits for Americans in their 50s and early 60s, who would face much higher premium costs under the GOP bill, since it would let insurers charge older consumers more than they can under Obamacare

(rest of benefits for rich at link) I believe this is important to know, and spread the exact ways the rich will benefit from this.

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1. Very good explanation. Thanks for the post. NT

[Stuart G]

2. I thought CNN did a good job with a clear and easy to understand explaination

Thank You ...