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holfresh
Posts: 38679 Alba Posts: 0 Joined: 1/14/2006 Member: #1081 |
![]() http://www.vox.com/policy-and-politics/2017/1/17/14263918/affordable-care-act-tax-cut
The hidden reason Republicans are so eager to repeal Obamacare... ![]() Repealing Obamacare is a huge tax cut for the rich This did not play a major overt public role in the 2009-’10 debate about the law, but the Affordable Care Act’s financing rests on a remarkably progressive base. That means that, as the Tax Policy Center has shown, repealing it would shower money on a remarkably small number of remarkably wealthy Americans. The two big relevant taxes, according to the TPC’s Howard Gleckman, are “a 0.9 percent payroll surtax on earnings and a 3.8 percent tax on net investment income for individuals with incomes exceeding $200,000 ($250,000 for couples).” That payroll tax hike hits a reasonably broad swath of affluent individuals, but in a relatively minor way. The 3.8 percent tax on net investment income (money made from owning or selling stocks and other financial instruments rather than working), by contrast, is a pretty hefty tax, but one that falls overwhelmingly on the small number of people who have hundreds of thousands of dollars a year in investment income. But people in the top 1 percent of the income distribution — those with incomes of over about $430,000 — would see their taxes fall by an average of $25,000 a year. And for the true elite in the top 0.1 percent — people like designated White House senior adviser Jared Kushner, Treasury Secretary Steve Mnuchin, Education Secretary Betsy DeVos, Commerce Secretary Wilbur Ross, and many major campaign donors — the tax cut is truly enormous. Households with incomes of more than $1.9 million would get an extra $165,000 a year in take-home pay. That’s obviously more than enough money to make these hyper-elite families come out ahead regardless of what happens to health insurance markets. By contrast, upper-middle-class families would get an extra $110 a year in after-tax income. That’s nice, but it isn’t going to replace a health insurance plan. This is why Republicans can’t make a better replacement These problems are all very real, and they all could be fixed. They are not, however, problems that any of the GOP replacement plans fix. Instead, while Republican alternatives vary in many important ways, they all fundamentally offer stingier insurance to a narrower group of people. This is because the Republican plans all envision rolling back these ACA taxes. But under those circumstances, it’s simply not possible for the GOP to offer people the superior insurance coverage that it is promising. Phil Klein, a top conservative health policy journalist, has urged Republicans to solve their overpromising problem by “stating a simple truth, which goes something like this: ‘We don't believe that it is the job of the federal government to guarantee that everybody has health insurance.’” |
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nixluva
Posts: 56258 Alba Posts: 0 Joined: 10/5/2004 Member: #758 USA |
![]() holfresh wrote:http://www.vox.com/policy-and-politics/2017/1/17/14263918/affordable-care-act-tax-cut Once again thanks for your great posting in this thread!!! This is a HUGE deal. The polls are already showing the American People don't want to repeal the ACA!!! They Just want it fixed and improved. |
nixluva
Posts: 56258 Alba Posts: 0 Joined: 10/5/2004 Member: #758 USA |
![]() Trump dissed Rep. John Lewis district but was looking to build there in the past:
Meyers also called out Trump for a racist assumption that Lewis’ district was “crime-infested and falling apart.” That wasn’t Trump’s take in 2006, when he wanted to build a $300 million condo tower there. Meyers cited an interview in which Trump said, “It’s a great location and a great city. I’ve loved Atlanta for years.”https://www.rawstory.com/2017/01/seth-meyers-nails-trump-for-insulting-john-lewis-district-after-trying-to-build-300-million-tower-there/ |
holfresh
Posts: 38679 Alba Posts: 0 Joined: 1/14/2006 Member: #1081 |
![]() nixluva wrote:holfresh wrote:http://www.vox.com/policy-and-politics/2017/1/17/14263918/affordable-care-act-tax-cut It is a huge deal as Paul Ryan tells us he is rescuing us from Obamacare...I hope they don't repeal it as it would hurt a lot of people..But if they do, I think this action will show the Country exactly who the Republicans are...A party who only care about the rich...You would think that anyone knowing that we live in a era of low income growth, job prospects are bleak mostly due to automation and outsourcing..At least allow those hurting to have healthcare...How they get people to vote against their own self interest is truly amazing... |
nixluva
Posts: 56258 Alba Posts: 0 Joined: 10/5/2004 Member: #758 USA |
![]() holfresh wrote:nixluva wrote:holfresh wrote:http://www.vox.com/policy-and-politics/2017/1/17/14263918/affordable-care-act-tax-cut Small Town Hospitals in the South have been closing due to the refusal to accept the Medicaid Expansion. Even Republican Mayors have been calling for the Republicans to do something but they just let the Hospitals close!!! Texas' refusal to expand Medicaid hurts both hospitals and business communityhttp://www.fiercehealthcare.com/finance/texas-refusal-to-expand-medicaid-hurts-both-hospitals-and-business-community |
meloshouldgo
Posts: 26565 Alba Posts: 0 Joined: 5/3/2014 Member: #5801 |
![]() Such nice people
https://www.good.is/articles/her-parents-cut-her-off https://m.facebook.com/story.php?story_fbid=10154255668133059&id=13152108058 More and more keep coming out the woodwork, but the problem of racism no longer exists because we had a black president for 8 years. WHOOO I cannot teach anybody anything. I can only try to make them think - Socrates
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nixluva
Posts: 56258 Alba Posts: 0 Joined: 10/5/2004 Member: #758 USA |
![]() meloshouldgo wrote:Such nice people What Obama's Presidency did was to help expose the deep Racism still present in this country. There are STILL a lot of people living in the past and it's gonna take a lot longer to get rid of those old attitudes. I find it funny that this surprises some people but then again there are lots of pockets of this country stuck in the past that don't get a lot of attention. I'm a 1960's baby and my parents and grandparents are still alive so many of those racist people from the 1960's and before are STILL ALIVE and so are their children. It's gonna take a lot longer to change the mental disease in this country. |
meloanyk
Posts: 20768 Alba Posts: 0 Joined: 7/5/2013 Member: #5615 |
![]() Chelsea Manning? Really President Obama
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GustavBahler
Posts: 42810 Alba Posts: 15 Joined: 7/12/2010 Member: #3186 |
![]() http://www.chris-floyd.com
Infinite Jest: Liberals Laughing All the Way to Hell |
MaTT4281
Posts: 34884 Alba Posts: 4 Joined: 1/16/2004 Member: #538 USA |
![]() gunsnewing wrote:Call it democratic, liberal, leftist or socialist policies. Here are some numbers in the American cities run by them. Tweet was deleted or there was problem with the URL: |
gunsnewing
Posts: 55076 Alba Posts: 5 Joined: 2/24/2002 Member: #215 USA |
![]() This isn't black or white
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