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Tax Credits Are No Substitute for Obamacare

After much doubt about what President Trump said he would propose an alternative to the Affordable Care Act, and open his kimono to Congress on Tuesday and fell steadily on the side of the structure that would leave millions of Americans with the Weakness of health insurance or none at all.

At the heart of this approach would provide tax credits to all people with no other cover to buy insurance, rather than tax cuts and subsidies that allow less Obamacare and middle-income Americans.

This may not seem like a big difference, especially when you wrap yourself in the Republican Party flag that would be fairer approach more simple.

The simplicity? Maybe. But it is not fair. Obama tied with support and per capita income - low income credits, the greater the benefit.

On the contrary, in the Republican drafting, and combined only for the life time of the receiver the size of tax exemption; Older Americans get more than that, on the principle that the higher insurance cost for the more advanced years.

The problem is that, while the A.C.A. Government funds use to limit the proportion of income that each person must spend to pay for a strong health care plan, and Republicans approach will almost certainly provide millions of people and families who have less than the cost of insurance In quality.

To be fair, President Trump has yet to detail how they would like to see it replace planned progress. But the direction of the Republican House has been circulating a rough draft of the ideas in order to help those who do not have employer-based health insurance, and it's not a pretty picture.

As the chart below shows, that low-income Americans of all ages and higher middle income physically receive less subsidies under the Republican proposal, which they are currently getting through Obamacare.

on msnbc, steve rattner explains trump's speech and what it means for the U.S. economy

Source: http://www.trywebknowledge.com