GOP Signals It Will Keep Obamacare’s Investment Tax on the Rich
Bloomberg ------ Republican Senator Bob Corker said Thursday that he expects GOP leaders to scrap a provision in their health bill that would repeal a tax on investment income that affects high-income earners. The Tennessee Republican said the decision to retain Obamacare’s 3.8 percent tax on net investment income would help Republicans boost subsidies for low-income people in the individual exchanges. "We are going to figure out a way, I believe, before Friday comes to greatly enhance the ability of lower income citizens to buy insurance on the exchange and at the same time my sense is that the 3.8 percent is going to go away," he told reporters. "It’s not an acceptable proposition to have a bill that increases the burden on lower-income citizens and lessons the burden on wealthy citizens." To learn more click on the picture below to read the article.