Politics
Politics
Out of context: Reply #23256
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Repealing Obama health law cuts taxes for wealthy
Republicans may be handing wealthy Americans a big tax cut by repealing President Barack Obama’s health care law, according to a study released Thursday that spells out potential economic pitfalls behind the election-year slogans.
The richest households — those with incomes above $3.7 million — would get an average tax cut of about $197,000, said the analysis from the nonpartisan Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution think tanks.