Wealthy Would Get Billions in Tax Cuts Under Obamacare Repeal Plan

The GOP bill is impossible to make sense of as a healthcare plan, because that’s not what it is. The AHCA is actually just a tax cut for millionaires. The GOP wants us to sacrifice our lives to make millionaires a little richer.

“Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.

“People making $200,000 to $999,999 a year would also get sizable tax cuts. In total, the two provisions would cut taxes by about $274 billion during the coming decade, virtually all of it for people making at least $200,000, according to a separate assessment by the committee.”

““Repeal-and-replace is a gigantic transfer of wealth from the lowest-income Americans to the highest-income Americas,” said Edward D. Kleinbard, a professor at the University of Southern California law school and former chief of staff for the Joint Committee on Taxation.”

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