Wealthy Would Get Billions in Tax Cuts Under Obamacare Repeal Plan
|March 11, 2017||View for printing|
Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.
The assessment was made by the Joint Committee on Taxation, a nonpartisan panel that provides research on tax issues.
It is not unusual for tax cuts to benefit mostly the wealthiest, but still save some money for a majority of Americans. But the benefits of these reductions would be aimed squarely at the top.
By JESSE DRUCKER
Full Story: https://www.nytimes.com/2017/03/10/bu ... bottom-well
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