Obamacare Repeal Could Provide a Huge Tax Break to the One Percent

Repealing the Affordable Care Act remains the top priority for the incoming administration of Donald Trump — ranking even higher than tax cuts — but a new analysis of the effects of Obamacare repeal suggest that doing away with the law would be a de facto tax cut in and of itself, with the benefits disproportionately going to the wealthy and very wealthy.

“Repealing the Affordable Care Act would cut taxes significantly for the highest income one percent of US households,” write Howard Gleckman of the Urban-Brookings Tax Policy Center in Washington. “At the same time, it would raise taxes on average for low- and moderate-income households.”

– The Fiscal Times

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