bendog
Diamond Member
WINNERS
— High-net worth individuals — The bill repeals a slew of ACA-related taxes, like a 3.8 percent investment tax on the well-to-do and a 0.9 percent surcharge on wages above $250,000. The move would save the top 0.1 percent of earners about $195,000 annually, according to the Tax Policy Center.
— The device industry — The bill would strike down the 2.3 percent medical device excise tax opposed by the industry, Republicans and some Democrats.
The tax, which took effect in 2013 before being suspended for two years in 2015, led to nearly 30,000 lost jobs, according to a report from the American Action Forum released last week.
— The tanning industry — The bill would repeal the ACA’s 10 percent excise tax on indoor tanning, which was included in the law as both a revenue raiser and a public health measure. The industry had claimed that nearly half of the nation’s tanning salons shuttered after the ACA took effect.
Who wins and loses under the GOP's Obamacare repeal bill?
Thank heavens for President Trump who is righting the wrongs of Obama.
— High-net worth individuals — The bill repeals a slew of ACA-related taxes, like a 3.8 percent investment tax on the well-to-do and a 0.9 percent surcharge on wages above $250,000. The move would save the top 0.1 percent of earners about $195,000 annually, according to the Tax Policy Center.
— The device industry — The bill would strike down the 2.3 percent medical device excise tax opposed by the industry, Republicans and some Democrats.
The tax, which took effect in 2013 before being suspended for two years in 2015, led to nearly 30,000 lost jobs, according to a report from the American Action Forum released last week.
— The tanning industry — The bill would repeal the ACA’s 10 percent excise tax on indoor tanning, which was included in the law as both a revenue raiser and a public health measure. The industry had claimed that nearly half of the nation’s tanning salons shuttered after the ACA took effect.
Who wins and loses under the GOP's Obamacare repeal bill?
Thank heavens for President Trump who is righting the wrongs of Obama.
