Throughout the discussions, Trump has rarely gone into detail about what the bills do or why they are improvements over Obamacare. He did call the plan the House passed “mean” and said he wanted the Senate proposal to have more “heart.”
The Senate plan’s tax provisions have been a major point of criticism from Democrats. Some lawmakers have cast it as a tax cut for the rich disguised as a health-care bill.
The Senate bill, the Better Care Reconciliation Act, repeals an array of Obamacare taxes including the 3.8 percent tax on net investment income. It takes the 0.9 percent Medicare surtax off the books in 2023 and delays the so-called Cadillac tax on high-cost employer plans until 2026, among other tax-related measures in the plan.
Nearly half of the benefits from those tax cuts will go to the top 1 percent of households by income, according to the Tax Policy Center.