Chye-Ching Huang
Paul N. Van de Water
Republican plans to repeal the Affordable Care Act (ACA) would provide large, lopsided tax cuts to households with annual incomes over $1 million, just-released data from the Urban-Brookings Tax Policy Center (TPC) show. TPC also finds ACA repeal would significantly raise taxes on about 7 million low- and moderate-income families due to the loss of their premium tax credits to buy health coverage through the marketplace. These tax increases would compound the harm to low- and moderate-income families from repealing the ACA’s other coverage provisions — cost-sharing assistance and the Medicaid expansion — and would add tens of millions of people to the ranks of the uninsured.
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Republican plans to repeal the Affordable Care Act (ACA) would provide large, lopsided tax cuts to households with annual incomes over $1 million, just-released data from the Urban-Brookings Tax Policy Center (TPC) show. TPC also finds ACA repeal would significantly raise taxes on about 7 million low- and moderate-income families due to the loss of their premium tax credits to buy health coverage through the marketplace. These tax increases would compound the harm to low- and moderate-income families from repealing the ACA’s other coverage provisions — cost-sharing assistance and the Medicaid expansion — and would add tens of millions of people to the ranks of the uninsured.
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Insurance Industry Mercenary Paul Ryan
