Repealing Obamacare: Just what the doctor ordered for wealthy investors
The race to repeal Obamacare by President-elect Donald Trump and the Republican Congress will have one immediate side effect beyond any doctor's office: a large tax cut for the wealthiest Americans.
Urged on by Trump, the Senate overnight adopted a budget resolution that clears a path for eliminating the tax-and-spending provisions of the Affordable Care Act by simple majority vote — no Democratic cooperation required. That means repeal of two provisions targeted at high-income households: a 0.9 percent hospital insurance tax on earnings above $250,000 for couples and a 3.8 percent tax on capital gains, dividends and other nonlabor income above that same threshold.
That would provide a tax cut averaging $7 million for each of the 400 highest-earning taxpayers, according to new calculations by the liberal Center on Budget and Policy Priorities using Internal Revenue Service data. That cut, the center estimated, would amount to $2.8 billion annually overall — or approximately the value of Obamacare subsidies for those with modest incomes in the 20 smallest states and the District of Columbia.
More..
http://www.cnbc.com/2017/01/12/repealing-obamacare-just-what-the-doctor-ordered-for-wealthy-investors.html
= new reply since forum marked as read
They're basically all in the 1%.
THAT will help the wealthy pay for more and even better "gold plated insurance" while some people go without anything and die.
