[Magdalen] Trumpcare question...

[Grace Cangialosi]

Thanks, Mike. I think I get it, but I'm a bear of very little brain when it comes to this stuff!
I didn't realize they'd raised taxes to finance the ACA--so this will actually just put them back where they were before. No tax money is being "freed up," in other words...

> On Jun 23, 2017, at 10:54 AM, Mahoney, W. Michael <wmmah at stoneledge.net> wrote:
> 
> 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 It won't happen but the entire structure of Obamacare could be repealed but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