“The ACA expanded health care for low- and middle-income people and financed it largely with a tax increase on the rich,” Hanlon explained. “Repealing it would unwind all that. And specifically, the biggest tax provision was a new 3.8% tax on the investment income of high-income people. Since investment income like capital gains and dividends is extremely skewed toward the very wealthy, that is who would benefit the most from eliminating the tax.” – Yahoo Finance
Trickle-down economics did not work in the 80s and it isn’t working now. During a global pandemic, we need to ensure that more people have access to healthcare – especially those with pre-existing conditions. Trump has put the mega-wealthy at the front of his agenda with everyone else left to fend for themselves.