The tax credit is intended to replace the current premium tax credit. The purpose of the refundable credit, of course, is to offset the cost of buying health care insurance on your own. However, many conservatives oppose the tax credit on two principles:Refundable tax credits are notorious draws for fraud; and Many see no real difference between these tax credit and the subsidies under Obamacare (both, they argue are government entitlement programs). The differences within the Republican party will, no doubt, be a central theme as the health care proposal goes to the House floor. That, of course, brings us to today's Fix The Tax Code Friday question:Do you support the use of a new, refundable tax credit as a replacement for the current premium tax credit?

Source: Forbes March 10, 2017 21:50 UTC