The money comes from two new closely related taxes that the Affordable Care Act imposed to help finance the law’s coverage expansion. The GOP repeal legislation, which its sponsors have called the “American Health Care Act,” would not simply reduce taxes. Promoters of repeal legislation, including leaders of the Republican Party, have frequently said that repeal is necessary in order to “rescue” America from the Affordable Care Act. “I’m not concerned about it because we said we were gonna repeal all the Obamacare taxes, this is one of the Obamacare taxes,” he replied. JCT prepared the analysis for the House Ways and Means Committee, which considered and approved repeal legislation this week.

Source: Huffington Post March 11, 2017 21:11 UTC