House Republicans have a plan to remake the U.S. health-care system — with a perk for wealthy investors.
Included in their proposal to repeal and replace the Affordable Care Act is a tax break for the wealthy. The Obamacare replacement bill, unveiled on Monday night and endorsed by President Donald Trump with a tweet on Tuesday morning, eliminates the net investment income tax, a 3.8 percent surcharge on almost all earnings from investments. The net investment income tax is paid only by single people with incomes above $200,000 and married couples earning more than $250,000.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.