Health Bill Seen as GOP’s Last Chance to Repeal Obamacare Taxes
- House tax chief: No plan to address health levies in tax bill
- Democrats may back other provisions of health-care legislation
How the Senate Health Bill Compares to the House Bill
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Congressional Republicans’ dash to undo Obamacare is about fulfilling a seven-year promise to voters. But it’s also about seizing what may be the party’s last chance to wipe out the 2010 law’s tax hikes on upper income earners.
The Senate version of the health-care bill released last week would reduce federal revenue by $700 billion over a decade, the Congressional Budget Office estimated on Monday, by repealing tax hikes imposed by the Affordable Care Act. One of the biggest revenue declines would come from retroactively repealing a 3.8 percent tax on investment income for individuals earning more than $200,000 or couples above $250,000.