House of Representatives voted to abolish Obamacare

Photo: facebook.com/WhiteHouse

Members of the House of Representatives voted to launch the cancellation of Obamacare. As a result of voting, 227 congressmen supported the initiative, 198 were against. On the eve of Senate also approved the abolition of the key health care reform undertaken by the current US President Barack Obama. Now the development of the relevant bill will take the relevant committees. It is expected that it can be put to vote in a month.

Recall that the majority in both houses has the Republican Party.

Its representatives opposed the reform while it was being decided to implement it. In addition, the cancellation of Obamacare called one of his priorities, the elected President of the United States, Donald Trump, who will take office on January 20.

The Law on Patient Protection and Affordable Medical Care, better known as Obamacare, was drafted on the initiative of Barack Obama and passed in 2010, when the Democratic Party had an overwhelming advantage in both houses of Congress.

Winners and losers

Failure of Obamacare may to the fact that it will be harder for millions of poor people and middle-class people to buy health insurance. But it will also help reduce the tax burden on rich people by 0,1%, which is on average equivalent to $ 197 to thousands. About it сообщает Tax Policy Center in its new report.

On average, low- and middle-income Americans will experience a small profit if Obamacare is canceled - about $ 80 per year for those who earn $ 48-83 thousands.

The results depend on whether there is a subsidy for the purchase of health insurance or not.

The overwhelming majority who do not receive the current subsidy - more than 90% - will receive a small increase in value (about $ 110). However, a minority who will lose one of these valuable subsidies — about 3% of those with low / middle incomes — will face an increase in tax: paying around $ 6200 a year more.

For more affluent Americans who are not eligible for subsidies, this will help reduce the tax burden. Primarily because giving up Obamacare would mean giving up 3,8% income tax on investment income, such as dividends and capital gains. (Income tax is currently paid in units earning over $ 200 thousands).

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