Monday, December 19, 2016

Why The GOP's Obamacare Repeal May Doom Their Replacement

Tierney Sneed · Thursday, December 15, 2016, 6:32 am

The GOP's most likely path for repealing Obamacare immediately eliminates hundreds of billions of dollars in tax revenue that would otherwise be available to fund their replacement plan.

The large tax cut, which would go disproportionately to high earners, will seriously handcuff lawmakers as they try to cobble together a replacement plan to cover the millions of Americans dependent on Obamacare for health insurance, health care policy experts say.

With Republican Party's strict anti-tax orthodoxy, it is difficult to envision the new GOP-controlled Congress raising taxes down the road to fund their Obamacare replacement. So while the current plan of repeal and delay contemplates a future replacement plan, the lost tax revenues is perhaps the most telling sign that a viable replacement may be either impossible to achieve or a meager substitute.

Read more
http://talkingpointsmemo.com/dc/obamacare-repeal-republicans-replacement-tax-cut

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