Brookings Institution

The real reason the GOP is gung-ho on repealing Obamacare: It would give the rich a huge tax cut

The real reason the GOP is gung-ho on repealing Obamacare: It would give the rich a huge tax cut

People wondering why Republicans are so hell-bent on repealing Obamacare even though that would cost 20 million Americans their health insurance haven’t been heeding the old investigator’s maxim to “follow the money.”

The path leads to the Affordable Care Act’s tax provisions, and the discovery that repeal would provide the wealthiest taxpayers with an immediate tax cut totaling $346 billion over 10 years. Every cent of that would go to taxpayers earning more than $200,000 a year ($250,000 for couples). As Nicholas Bagley of the University of Michigan...

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