March 20, 2017

Evidence Counts: Wealthiest 1% of West Virginians Gain from Tax Cuts in Health Care Repeal

ITEP Work in Action

The House proposal to repeal the federal Affordable Care Act (ACA) and replace it with the American Health Care Act (AHCA), provides only a tiny fraction of very wealthy West Virginians tax cuts while reducing the number of Americans with health coverage by an estimated 24 million. The two big tax cuts included in the AHCA are the repeal of taxes on investment income and earned income, both of which only apply only to people who make over $200,000 a year. These taxes were enacted to pay for the ACA’s health care expansions, including Medicaid in West Virginia that has provided insurance to over 170,000 West Virginians.

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