Tag: ‘Affordable Care Act’

Scott Walker’s Replacement for the ACA Would Leave Many Uninsured

By :: August 20th, 2015

GOP presidential hopeful Scott Walker’s plan to replace the Affordable Care Act is built on a controversial framework of tax subsidies that Walker estimates would cost about $1 trillion over 10 years. The plan is already drawing heat from fellow GOP candidate Bobby Jindal, who called it “a new entitlement program” that he says would […]

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"The Long and Winding Road... Will Never Disappear..."

By :: July 24th, 2015

The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social Security benefits. The Senate will keep voting on […]

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Who Benefits Most From Repealing the ACA Cadillac Tax?

By :: July 23rd, 2015

Republicans and some Democrats in Congress are pressing to repeal the Affordable Care Act’s Cadillac tax—a 40 percent excise tax on high-cost employer-sponsored health insurance plans. Backers of repeal argue that curbs on these generous plans would disproportionately hurt low- and middle-income workers. But a new Tax Policy Center analysis shows that story is overstated. In […]

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Big Talk, Growing Opposition

By :: July 23rd, 2015

Can the Senate pass a highway bill? Last night, the Senate finally voted to begin debate on its version of a transportation bill. But it is in for a tough slog thanks in part to two GOP presidential hopefuls. Ted Cruz has threatened to tie the Iran deal to the measure. The Texan wants an amendment that “ensures no Iranian nuclear deal unless Iran recognizes […]

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ACA Effects and Estimates

By :: July 20th, 2015

Treasury shares tax filing data on the Affordable Care Act. It released data Friday that show 81 percent of tax filers “checked the box” to indicate that they had health insurance coverage. Nine percent claimed a health care coverage exemption, and 6 percent paid the fee for remaining uninsured without an exemption. About 4 percent still need […]

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Plans, Expectations, and Avoidance

By :: July 14th, 2015

An outline of a safe plan: No sharp edges. Democratic presidential candidate Hillary Clinton shared her tax agenda yesterday, but as Howard Gleckman notes, most of her proposals are familiar, including a Buffett tax on very-high income households and small business tax relief. She did not endorse broad-based tax reform, or even a carbon tax. […]

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Estimates and the Economy: Let the Buyer Beware

By :: June 24th, 2015

The CBO, the ACA, and the economy: Precision doesn’t mean accuracy. Last Friday, the Congressional Budget Office projected that repeal of the Affordable Care Act would add $137 billion to the national debt over 10 years but boost the economy. But the estimates came with a big warning: “[R]epealing the ACA could in fact reduce […]

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CBO Has No Idea What Repeal of the ACA Means for the Economy or the Deficit

By :: June 23rd, 2015

This is what the Congressional Budget office really said about the budgetary and economic effects of repealing the Affordable Care Act: It has no idea. That, of course, it not what the political partisans are saying in the wake of CBO’s Friday release of a report on this exceedingly controversial topic. Backers of the law […]

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When does “repeal” mean “reform?”

By :: June 19th, 2015

Another presidential candidate floats a flat tax, but would it sink under its own weight? This time it’s GOP contender Rand Paul. He’d replace the tax code with 14.5 percent in federal tax on all personal income, including wages, investment income, and rents. He’d repeal the Social Security and Medicare payroll tax but tax wages […]

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Wishes, Dreams, and Bittersweet Denials

By :: May 14th, 2015

Be careful what you wish for. Businesses have backed an overhaul of the US tax code for quite some time, but their tune changes when it comes to corporate tax reform in other countries. The Base Erosion and Profit Shifting project, or BEPS, is an effort by  the Organization for Economic Cooperation and Development to […]

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