GOP Drops Tax Cuts for Big Earners in Revised Health Bill, Sources Say
- House bill included repeal of tax on net investment income
- Senate Republicans trying to win over moderate holdouts
GOP Drops Tax Cuts for Big Earners in New Health Bill
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Senate Republican leaders dropped provisions that would repeal two taxes on high earners in a revised draft of their health-care bill sent to the Congressional Budget Office, according to GOP senators.
Republican leaders are now planning to retain Obamacare’s 3.8 percent tax on net investment income for people who earn more than $200,000 and couples with incomes over $250,000, as well as a 0.9 percent Medicare surtax on the same incomes.