Why Health Care Repeal is a Stealth Tax Break for Millionaires

[Judi Lynn]

JANUARY 19, 2017
by JOSH HOXIE


Great magicians are masters of diversion. They attract our attention with one hand while using the other to trick us into thinking a supernatural act is taking place.

But even the best street performers could learn a lesson from the folks in Congress who are trying to repeal the Affordable Care Act, also known as Obamacare.

When we talk about repealing Obamacare, we almost never talk about the windfall payday it would bring to multi-millionaires and billionaires. In fact, this massive tax cut is the proverbial card hiding in the sleeve of lawmakers pushing repeal.

A new study from the Center on Budget and Policy Priorities shows the 400 richest Americans, a group whose average annual income tops $300 million each, would get a combined annual tax cut of $2.8 billion if the Affordable Care Act is repealed.

More:
http://www.counterpunch.org/2017/01/19/why-health-care-repeal-is-a-stealth-tax-break-for-millionaires/

[Doreen]

1. Now add the math for repealing Medicare, Medicaide, and Social Security

and see how much more they get. How many more things other than those are they repealing? This is why they do not have a replace.

[TexasBushwhacker]

2. And let's not forget the corporations

The ACA required all employers with more than 50 employees to offer health insurance and pay at least half the premiums for employees working 30 or more hours. While it was often customary, it was never required before. The insurance offered also had to comply with the requirements of the ACA. I know, for example, when I worked for Whole Foods that while their health insurance was pretty good, it didn't cover mental health except for prescriptions.