G.O.P. Health Bill the Darkeside

May 26, 2017 · 45m 58s
G.O.P. Health Bill the Darkeside
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The health-overhaul bill approved by House Republicans would leave 23 million more people uninsured while reducing the cumulative federal deficit by $119 billion in the next decade compared with current...

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The health-overhaul bill approved by House Republicans would leave 23 million more people uninsured while reducing the cumulative federal deficit by $119 billion in the next decade compared with current law, according to an estimate from the Congressional Budget Office.The CBO found the legislation would reduce the cumulative federal deficit by $119 billion over roughly the next decade. In early March, it reported an earlier version of the bill would cut the deficit by $337 billion over the next decadeThe House bill includes $662 billion in tax cuts, the Joint Committee on Taxation reported Wednesday. The largest tax cut, at $172 billion over a decade, would repeal a 3.8% tax on investment income of individuals with income over $200,000 and married couples with incomes over $250,000. The bill would make that tax cut retroactive to Jan. 1. WSJ

H.R. 1628, American Health Care Act of 2017 https://www.cbo.gov/publication/52752 https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/hr1628aspassed.pdf
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Author bostonred
Organization bostonred
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