House Health Care Plan Would Push Income Redistribution to $1.4 Trillion October 6, 2009 TF Staff TF Staff If H.R. 3200, the health care reform bill that cleared the House Ways and Means Committee, becomes law, an additional $122 billion would be redistributed from the top-earning 30 percent of the income spectrum, for a total income redistribution of about $1.4 trillion, according to new Tax Foundation Fiscal Fact released yesterday. The biggest beneficiaries of HR 3200’s redistribution would not be low-income families, but middle-class families, especially those making between $65,704 and $112,721, who would see an average benefit of about $1,900. In fact, even in the 60 percent to 70 percent income group, earning up to $141,101, the average family would gain almost $1,000. View Tax Foundation Fiscal Fact No. 193, “Distributional Effects of the House of Representatives’ Health Care Reform Bill” or a slideshow on the findings. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for Federal Tax Policy Individual Income and Payroll Taxes Tags Health Care Putting a Face on America's Tax Returns
