Friday, July 07, 2017

Who Would Enjoy Tax Breaks Under The GOP Health Care Proposals?

There's a lot of talk on Capitol Hill about the tax cuts included in the Republican health plans, but unless you are a frequent user of tanning beds or have personal wealth that puts you in the top 1 percent, you might not feel much effect.

The House and Senate bills both change or eliminate more than a dozen taxes that were levied to help pay for the Affordable Care Act's insurance subsidies and to bolster Medicare and expand Medicaid. Republicans and other ACA critics have argued that the taxes are onerous for businesses and families.

The Congressional Budget Office estimates that the tax cuts and coverage changes in the Senate proposal would reduce the federal government's revenue by $700 billion over the next 10 years.

We're answering three key questions about the tax cuts:

Most of them fall into two buckets. - More, NPR

Who Would Enjoy Tax Breaks Under The GOP Health Care Proposals?

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