Some in the Media and on the Democratic side have called the Senate Healthcare Bill proposal a tax cut bill in disguise….
We now have whispers of some GOP Senator’s thinking about dropping the cuts…
Several Senate Republicans began to question Wednesday whether their health-care bill should repeal a tax on high-income Americans imposed by Obamacare when the legislation would scale back subsidies for the poor.
Susan Collins of Maine and Mike Rounds of South Dakota both criticized the draft bill released by Majority Leader Mitch McConnell for repealing a surtax on net investment income imposed under Obamacare.
“I do not see a justification for doing away with the 3.8 percent tax on investment income, because that is not something that increases the cost of health care,” Collins said. “So I distinguish between those tax increases that were part of Obamacare that increase premiums and the cost of health care versus those that do not.”
A third Republican, Bob Corker of Tennessee, expressed discomfort with the idea of cutting taxes on the rich while transferring burdens on the poor.
Scaling back the tax cuts could provide a path to winning over key moderate senators who have recoiled at the soaring premiums and deductibles for millions of low-income people as scored by the CBO, and the estimated 22 million fewer people who would have insurance in a decade. Meanwhile, conservatives have pushed to wipe out all of the taxes, though senators like Ted Cruz have not insisted every tax cut remain as part of an overall deal. Conservatives have been focused more on cutting regulations to lower premiums…..Share on Facebook