Republicans’ Obamacare Repeal Plan Cuts Taxes For Wealthy

AGR Daily 60 Second News Bites

“This bill sends a loud and clear message: tax cuts for special interests and the wealthy matter more than your health care,” said Sen. Ron Wyden, the top Democrat on the Finance Committee..

Democrats relied on more than a dozen tax increases to help defray the cost of the health care law, the largest of which is essentially a backdoor increase in the capital gains rate. Known among experts as the “net investment income tax,” it imposes a 3.8 percent surcharge on a broad swathe of investments by people earning more than $250,000, on top of the usual capital gains rate that tops out at 20 percent.

It was paid by nearly 4 million people in 2015 on everything from interest to annuities to royalties to some home sales to large estates, in some circumstances.

A similar number paid the 0.9 percent surtax on wages that year, and together the…

View original post 37 more words


Categories: Featured

Reply At Your Own Risk. Leave The Dumbfuckery At The Door.

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s