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Wednesday 9 November 2011

Anti-tax advocates, deficit busters collide over repeal of health law subsidies

A Republican bid to cast the repeal of the health law's insurance subsidies as a "common-sense" way to reduce the deficit risks running afoul of conservative tax foes.

Rep. Denny Rehberg (R-Mont.) last month introduced legislation to repeal the law's insurance tax credits and its Medicaid expansion, saying it would reduce the deficit by $1.3 trillion over 10 years. The bill would allow Republicans to dismantle the healthcare reform law without inflating the deficit, but anti-tax crusader Grover Norquist is raising concerns that eliminating the insurance subsidies could violate his Americans for Tax Reform "Taxpayer Protection Pledge."   More

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