Oregon millionaires would benefit from tax cuts under GOP repeal and replace of Affordable Care Act, critics stress

More than 200,000 Oregonians would lose federally funded health insurance under the Republican plan to repeal and replace the Affordable Care Act, but a select group of wealthy Oregonians would prosper from the GOP’s accompanying tax-cut plan, a liberal-leaning organization said Friday.

Citing research by other entities, Americans for Tax Fairness said an estimated 2,760 Oregon millionaires would benefit from a cut on the federal tax on investments under the GOP plan. The average annual tax cut for these millionaires would be $34,584, the group said, citing an analysis by the Center For American Progress.

Source: Oregon millionaires would benefit from tax cuts under GOP repeal and replace of Affordable Care Act, critics stress | Local | Eugene, Oregon