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Evil. Pure evil. "Surprise! Obamacare Repeal Includes A Stealth Tax Cut For Top Earners"
http://talkingpointsmemo.com/dc/surprise-repealing-obamacare-includes-a-big-tax-cut-for-the-richBy TIERNEY SNEED Published DECEMBER 9, 2016, 10:12 AM EDT
"plans to repeal the Affordable Care Act without a replacement which health care policy experts predict could cost 30 million people their health insurance will also bring a major tax break for high-income Americans.
Two taxes that will be presumably axed with the law affect only those making $200,000 or more. The break the ACA repeal will bring to those taxpayers will amount to a $346 billion tax cut in total over 10 years, according to the CBO report on the 2015 repeal legislation GOP lawmakers say theyll be using as their model next year.
As University of Michigan law professor Nicholas Bagley pointed out on the Incidental Economist blog, this comes as Trump and his surrogates promised that any major tax cut for the rich will be offset by closing their deductions, which would not be the case with the cuts in the ACA repeal.
"That $346 billion represents about $1,000 for every man, woman, and child in the United States. Every cent will go into the pockets of people making more than $200,000 per year," Bagley wrote."
snip
read the rest and fume along with me
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Evil. Pure evil. "Surprise! Obamacare Repeal Includes A Stealth Tax Cut For Top Earners" (Original Post)
NRaleighLiberal
Dec 2016
OP
still_one
(92,422 posts)1. Yes they are
Laf.La.Dem.
(2,946 posts)2. No more bitching!
These are our "Job Creators"
DURHAM D
(32,611 posts)3. We Are All Kansans Now !
this should work out well
world wide wally
(21,755 posts)4. I guess the rust belt showed us!