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February 14, 2017

GOP is divided over health law taxes

  • Voiding the taxes erases a mammoth war chest Republicans would love to have — and may well need — in replacing Obamacare.
    • By ALAN FRAM
    Associated Press

    WASHINGTON — Republicans love cutting taxes, especially if they were authored by a president named Barack Obama. But as they push their wobbly effort to erase his health care overhaul, they're divided over whether to repeal the levies the law imposed to finance its expanded coverage for millions of Americans.

    It's a trillion-dollar dilemma — actually closer to $1.1 trillion. That's the 10-year price tag the nonpartisan Congressional Budget Office puts on revenue the government would lose if the law's taxes on wealthy people, the insurance and pharmaceutical industries and others were eliminated.


     
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