Obamacare Taxes Torched in Senate Bill, Drawing Democratic Ire
- House repeal of Obamacare taxes mirrored in Senate version
- Obama calls bill “massive transfer of wealth” to richest
Reactions to the Senate GOP's Health Plan in Two Minutes
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The long-awaited Obamacare replacement plan from Senate Republicans wouldn’t do much to preserve coverage for millions of poor and working-class people, but it would deliver tax cuts to the wealthiest Americans.
To appeal to their moderate members, GOP leaders initially faced pressure to maintain some of the Obamacare taxes that funded expanded Medicaid coverage. Instead, the Senate version mirrors the House bill in seeking to repeal almost all of the Obamacare taxes, which largely affect the highest earners.