Report: New Health Bill Would Cut Taxes on the Wealthy & Corporations

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Report: New Health Bill Would Cut Taxes on the Wealthy & Corporations

Mar, 12th 2017

It may become more expensive for people with lower incomes to buy health insurance, but a House Republican plan to replace the Affordable Care Act would make going to a tanning salon cheaper and cut taxes for insurance companies and wealthy investors.

In all, the bill unveiled Monday night would cut taxes by nearly $600 billion over the coming decade, according to estimates by the Joint Committee on Taxation.

The GOP plan repeals nearly all of the taxes raised in the 2010 law known as Obamacare.

"They hurt the economy, they hurt health care, they achieved nothing,” said Rep. Kevin Brady, a Texas Republican and Ways and...

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