Working families and seniors pay MORE while the wealthy and the well-connected pay LESS.
The Trump/GOP replacement is a $600 billion tax cut — almost entirely for the wealthy and well-connected.
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The GOP health bill is a $600 billion tax cut — almost entirely for the wealthy
Dylan Matthews, Vox
Most analysis of the American Health Care Act, the new House Republican plan for repealing and replacing Obamacare, has focused on the fact that it will take away health insurance from millions of Americans, including, eventually, millions of poor, elderly, and disabled Americans currently on Medicaid. It’s reasonable in light of that to ask what there is to like about the proposal.
The main answer, for Republicans is Congress, is that it also contains $600 billion in tax cuts — tax cuts that would save the wealthiest 0.1 percent of Americans nearly $200,000 each in a single year, according to a batch of analyses released by the Joint Committee on Taxation on Tuesday.