Senate GOP Obamacare Replacement Is A Net Tax Cut
Thursday, February 6th, 2014 @ 1:32PM
Last week, three GOP senators–Tom Coburn of Oklahoma, Richard Burr of North Carolina, and Orrin Hatch of Utah–unveiled the latest “repeal and replace” Obamacare plan. One of the key questions people are asking is whether this plan (dubbed the “Patient Care Act“) is a net tax cut, a net tax hike, or revenue-neutral.
Welcome to the Party
The first thing to say is that this is the third major Obamacare replacement plan which has been introduced. The House conservative “Republican Study Committee” introduced H.R. 3121, “The American Health Care Reform Act” last year with Congressman Phil Roe (R-Tenn.) taking the lead. Before that, Congressman and doctor Tom Price (R-Ga.) introduced H.R. 2300, the “Empowering Patients First Act” (Senator John McCain has since introduced the Senate version, S. 1851).