Drop 30 million from Obamacare and give Trump himself a $154,000 tax break - it's a two-fer!
University of Michigan law professor Nicholas Bagley:
"How big is the tax break? According to CBO, the reconciliation bill that Republicans are using as a template would cut taxes by $623 billion over ten years. Of that, $123 billion would come from the repeal of the Medicare tax surcharge and $223 billion from the repeal of the tax on investment income.
That $346 billion represents about $1,000 for every man, woman, and child in the United States. Every cent will go into the pockets of people making more than $200,000 per year—the “upper class” that Mnuchin says won’t be getting any tax cuts."
Last week, Trump's billionaire nominee Steven Mnuchin clearly lied to Americans when he said: "Any reductions we have in upper income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class."
Liars.
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