Why do Republicans want to repeal Obamacare so much? Because it would be a big tax cut for the rich.

[mitty14u2]

You can see that in the chart below from the nonpartisan Tax Policy Center. They crunched the numbers to figure out how much getting rid of Obamacare's taxes and tax credits would help or hurt people at different rungs of the income ladder, and the results were about what you'd expect. The bottom 40 percent are a good deal worse off, the middle 55 percent are mostly unaffected, and the top 1 percent would do pretty, pretty well. In fact, they'd get an average tax cut of around $32,820.



It's a reverse Robin Hood. It's taking tax subsidies from the poor to give as tax cuts to the rich. The starkest way to think about that is that the bottom 60 percent would get negative 61.1 percent of the total benefits of getting rid of Obamacare, while the top 1 percent would get 117.5 percent. That's right: the wealthiest would gain more than the country as a whole would, because the working class wouldn't be gaining anything at all. They'd be losing tax credits, and the health insurance those bought them.

https://www.washingtonpost.com/news/wonk/wp/2016/12/16/why-do-republicans-want-to-repeal-obamacare-so-much-because-it-would-be-a-big-tax-cut-for-the-rich/?utm_term=.f9201edcf300

Rescinding the Affordable Care Act means not only taking away health coverage from some 20 million Americans. It also means scrapping two big tax increases Democrats imposed on the wealthy to help pay for it all

Repealing Obamacare’s tax increases, which budget analysts put the neighborhood of $1 trillion, will also make Republicans’ tax-reform plans easier to finance.
That’s because it would effectively move the cost of doing things Republicans wanted to do anyway as part of tax reform into separate legislation. Killing the ACA’s investment tax, for example, will reduce the total capital gains tax to 20 percent, from the current 23.8 percent. That will make it cheaper to approve additional cuts.

http://www.politico.com/story/2016/12/obamacare-repeal-tax-cut-wealthy-232379


Republicans hate ethics, Power and Greed by any means necessary, having real death panels or no insurance you are going to die is OK because its not them, they have great insurance. Wall street and Government are clashing up to what happened in 1929. Republicans see they have a one time chance to take down ObamaCare, Social Security, Medicare and Medicaid, This is what they have been trying to do for decades, the window is already closing so they are going to screw most of America very quickly.

[Squinch]

1. They're having a really hard making ends meet without that second billion.

So they're taking medical care away from low income kids who are disabled. (The Children's Health Network is one of their first targets.)

I hate the fucks. I hope karma takes a violent turn on them.

[Trust Buster]

2. I disagree. I think has less to do with taxes and more to do with politics. Taxes aren't the reason

that the Republicans can't come up with a replacement. They can't come up with a replacement because the insurance model falls apart if you don't increase the insurance pool, by way of individual mandate, to cover the high costs of people with pre-existing conditions and the banning of yearly and lifetime caps. Before the ACA, the uninsured went to emergency rooms and the insured had to cover their cost. The ACA alleviated that dilemma. Repeal it and the uninsured will again clog our emergency rooms and the premiums of the insured will skyrocket again. A huge tax on the insured. The Politico OP does not understand the insurance market.

[Girard442]

3. You're absolutely right about the greed but there's more.

The natural adversary of the rich isn't the poor, it's the middle class. The 1% learned from the 60's -- a thriving middle class with hope and expectations is a giant pain in their pampered asses. Their vision of this country is to turn in into a larger version of Haiti: a country with a tiny handful of wealthy elites ruling over impoverished masses unable to revolt because they're too busy struggling to get through each day.

[safeinOhio]

4. Just pass a law renaming Obamacare Care to

Reagan Care. Then it would be the best program ever thought of.