{"id":6655,"date":"2017-02-15T14:20:17","date_gmt":"2017-02-15T14:20:17","guid":{"rendered":"https:\/\/adamchandler.me\/blog\/?p=6655"},"modified":"2017-02-01T14:25:26","modified_gmt":"2017-02-01T14:25:26","slug":"linked-repealing-obamacare-just-what-the-doctor-ordered-for-wealthy-investors","status":"publish","type":"post","link":"https:\/\/adamchandler.me\/blog\/2017\/02\/15\/linked-repealing-obamacare-just-what-the-doctor-ordered-for-wealthy-investors\/","title":{"rendered":"Linked: &#8220;Repealing Obamacare: Just what the doctor ordered for wealthy investors&#8221;"},"content":{"rendered":"<div class='__iawmlf-post-loop-links' style='display:none;' data-iawmlf-post-links='[{&quot;id&quot;:3338,&quot;href&quot;:&quot;http:\\\/\\\/www.cnbc.com\\\/2017\\\/01\\\/12\\\/repealing-obamacare-just-what-the-doctor-ordered-for-wealthy-investors.html&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20250311110100\\\/https:\\\/\\\/www.cnbc.com\\\/2017\\\/01\\\/12\\\/repealing-obamacare-just-what-the-doctor-ordered-for-wealthy-investors.html&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2025-11-04 03:57:17&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-01-30 05:34:18&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-08 19:19:56&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-12 18:45:47&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-20 16:27:50&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-04-30 15:05:24&quot;,&quot;http_code&quot;:200}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-04-30 15:05:24&quot;,&quot;http_code&quot;:200},&quot;process&quot;:&quot;done&quot;}]'><\/div>\n<p><a href=\"http:\/\/www.cnbc.com\/2017\/01\/12\/repealing-obamacare-just-what-the-doctor-ordered-for-wealthy-investors.html\">via CNBC<\/a>:<\/p>\n<blockquote><p><em>Urged on by Trump, the Senate overnight adopted a budget resolution that clears a path for eliminating the tax-and-spending provisions of the Affordable Care Act by simple majority vote \u2014 no Democratic cooperation required. That means repeal of two provisions targeted at high-income households: a 0.9 percent hospital insurance tax on earnings above $250,000 for couples and a 3.8 percent tax on capital gains, dividends and other nonlabor income above that same threshold.<\/em><\/p>\n<p><em>That would provide a tax cut averaging $7 million for each of the 400 highest-earning taxpayers, according to new calculations by the liberal Center on Budget and Policy Priorities using Internal Revenue Service data. That cut, the center estimated, would amount to $2.8 billion annually overall \u2014 or approximately the value of Obamacare subsidies for those with modest incomes in the 20 smallest states and the District of Columbia.<\/em><\/p><\/blockquote>\n<p>You have to follow the money. I can\u2019t afford to lobby a group of senators to keep the Affordable Care Act and that goes for the recipients who benefit from it. The wealthy who are subsidizing the law with their tax dollars can afford to push the right people to repeal it and steer the agenda to convince the stupid and poorest of the public that the ACA is bad for them and bad for America.<\/p>\n<p>Polls repeatedly show that if you ask someone if Obamacare should be repealed and they says \u201cyes\u201d, you can then ask them if they believe in coverage for their kids being required, coverage for people with a pre-existing condition, etc. Then, that same person believes those things are important. They have no idea that Obamacare is why those things are required by law now. Ignorance is bliss.<\/p>\n<p>I\u2019m glad that the public outcry over repealing the ACA is so big that the Conservative controlled House &amp; Senate are now forced to find a replacement. Good luck because healthcare is expensive and no one wants to pay for it.<\/p>\n","protected":false},"excerpt":{"rendered":"via CNBC: Urged on by Trump, the Senate overnight adopted a budget resolution that clears a path for&hellip;\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"apple_news_api_created_at":"2017-02-15T14:21:12Z","apple_news_api_id":"35ee5e5e-3a66-4e64-8569-29cab49147bb","apple_news_api_modified_at":"2017-02-15T14:21:12Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/ANe5eXjpmTmSFaSnKtJFHuw","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_custom_appearance":"","csco_disable_excerpt_posts_layout":false,"csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[],"class_list":{"0":"post-6655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-linked","7":"cs-entry","8":"cs-video-wrap"},"apple_news_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pb3IC4-1Jl","jetpack-related-posts":[{"id":2906,"url":"https:\/\/adamchandler.me\/blog\/2011\/08\/15\/balancing-the-budget\/","url_meta":{"origin":6655,"position":0},"title":"\u2605 Balancing the Budget","author":"Adam Chandler","date":"August 15, 2011","format":false,"excerpt":"In These Times: Invoking his experience as a plastics salesman, Boehner asks why government doesn\u2019t act like other businesses that \u201clive within their means.\u201d But virtually every business\u2014big or small\u2014borrows money to operate and grow. More obviously, government is not a business. Its \u201cmeans\u201d depend on its tax revenue, which\u2026","rel":"","context":"In &quot;Linked&quot;","block_context":{"text":"Linked","link":"https:\/\/adamchandler.me\/blog\/category\/linked\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5813,"url":"https:\/\/adamchandler.me\/blog\/2016\/05\/05\/linked-cupertinos-mayor-apple-abuses-us-by-not-paying-taxes\/","url_meta":{"origin":6655,"position":1},"title":"Linked, &#8220;Cupertino&#8217;s mayor: Apple &#8216;abuses us&#8217; by not paying taxes&#8221;","author":"Adam Chandler","date":"May 5, 2016","format":false,"excerpt":"via The Guardian: This freaking article. Seriously. The last time the mayor of Cupertino walked into Apple \u2013 the largest company in his small Californian town and, it so happens, the most valuable company in the world \u2013 he hoped to have a meeting to talk about traffic congestion. Barry\u2026","rel":"","context":"In &quot;Linked&quot;","block_context":{"text":"Linked","link":"https:\/\/adamchandler.me\/blog\/category\/linked\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6010,"url":"https:\/\/adamchandler.me\/blog\/2016\/07\/29\/linked-san-francisco-has-become-one-huge-metaphor-for-economic-inequality-in-america\/","url_meta":{"origin":6655,"position":2},"title":"Linked: &#8220;San Francisco has become one huge metaphor for economic inequality in America&#8221;","author":"Adam Chandler","date":"July 29, 2016","format":false,"excerpt":"via QZ: According to a recent study by the California Budget Center, San Francisco ranks first in California for economic inequality. The average income of the top 1% of households in the city averages $3.6 million, 44 times the average income of the bottom 99%, which stands at $81,094. The\u2026","rel":"","context":"In &quot;Linked&quot;","block_context":{"text":"Linked","link":"https:\/\/adamchandler.me\/blog\/category\/linked\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2598,"url":"https:\/\/adamchandler.me\/blog\/2011\/06\/16\/the-10500-suit-for-men\/","url_meta":{"origin":6655,"position":3},"title":"\u2605 The $10,500 Suit for Men","author":"Adam Chandler","date":"June 16, 2011","format":false,"excerpt":"MSNBC: What makes a suit cost upwards of $5,000 and sometimes considerably more? It's a combination of material, labor, skill and not a little egotism. (You have to think you're worth it, after all.) Is there really that much difference between a $2,000 suit and one costing two, three or\u2026","rel":"","context":"In &quot;Linked&quot;","block_context":{"text":"Linked","link":"https:\/\/adamchandler.me\/blog\/category\/linked\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7206,"url":"https:\/\/adamchandler.me\/blog\/2017\/11\/21\/linked-dont-tax-options-and-rsus-upon-vesting\/","url_meta":{"origin":6655,"position":4},"title":"Linked: &#8220;Don\u2019t Tax Options And RSUs Upon Vesting!&#8221;","author":"Adam Chandler","date":"November 21, 2017","format":false,"excerpt":"via AVC: What this would mean is every month, when your equity compensation vests a little bit, you will owe taxes on it even though you can\u2019t do anything with that equity compensation. You can\u2019t spend it, you can\u2019t save it, you can\u2019t invest it. Because you don\u2019t have it\u2026","rel":"","context":"In &quot;Linked&quot;","block_context":{"text":"Linked","link":"https:\/\/adamchandler.me\/blog\/category\/linked\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2861,"url":"https:\/\/adamchandler.me\/blog\/2011\/08\/02\/how-republicans-screwed-the-pooch\/","url_meta":{"origin":6655,"position":5},"title":"\u2605 &#8220;How Republicans Screwed the Pooch&#8221;","author":"Adam Chandler","date":"August 2, 2011","format":false,"excerpt":"The Daily Beast: There it sits, lonely and forlorn on my shelf. A leather-bound copy of the 1999 Budget of the United States of America. A gift from\u00a0President Clinton\u00a0to the folks on his team, it was the first balanced budget in decades. But it wasn't supposed to be the last.\u2026","rel":"","context":"In &quot;Linked&quot;","block_context":{"text":"Linked","link":"https:\/\/adamchandler.me\/blog\/category\/linked\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/posts\/6655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/comments?post=6655"}],"version-history":[{"count":0,"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/posts\/6655\/revisions"}],"wp:attachment":[{"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/media?parent=6655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/categories?post=6655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamchandler.me\/blog\/wp-json\/wp\/v2\/tags?post=6655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}