[Magdalen] Trumpcare question...

[Mahoney, W. Michael]

On Fri, Jun 23, 2017 at 8:20 AM, Grace Cangialosi <gracecan at gmail.com>
wrote:

> Why is it a given that the money that will supposedly be saved by this
> plan will automatically go to tax cuts for the wealthy?


Grace -

The "Obama" health care legislation included provisions to raise certain
taxes, the sole purpose of which was to keep the net cost of the act below
a pre-advertised number.  It didn't hurt that the specific taxes were aimed
at upper income households but from a simple fiscal standpoint, it didn't
matter.  Excise taxes on liquor would have served the same purpose.

It won't happen but the entire structure of Obamacare could be repealed but
the tax increases associated with it left in place.   They are not really
connected.

Mike M