Repealing Obamacare would amount to a tax cut for the wealthiest Americans and a modest tax hike for some of the lowest earners, a new study found.If the law were eliminated, as President-elect Donald Trump and members of Congress have pledged to do, the top 1 percent of earners would see an average tax cut of $33,000, while the top 0.1 percent would enjoy an average tax break of $197,000, the Tax Policy Center found. The non-partisan group is a joint venture of the Urban Institute and the Brookings Institution.Meanwhile, the lowest-income households, which make less than $25,000, would see their tax bills increase on average by $90 under a full repeal. But that average masks a wide variation — most low-income households would see no change, researchers found, and 7 percent of them would get an average tax cut of about $1,200. But 4 percent would see a tax increase averaging almost $3,900.
It would really break Republicans’ hearts to see the rich get a big tax cut, though.
* Harris Meyer reports that there are even some Republicans worried about the revenue the government would be giving up by repealing the ACA.
* Philip Klein has a detailed look at the process Republicans will use to set about repealing Obamacare very early in the new year. This is happening.
* Ilyse Hogue, the head of NARAL Pro-Choice America, is also considering running for DNC chair. She has a statement for any Democrats thinking of going wobbly on ACA repeal: if you go along with the Republican effort, NARAL won’t support you in 2018.
* Dahlia Lithwick says that in these uncertain times we can learn a lot from the women who made it to the Supreme Court.