Tucker Carlson vs. Paul Ryan: Is Obamacare Replacement A Tax Cut For The Wealthy?

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FOX News: House Speaker Paul Ryan tries to counter perception that chaos has surrounded the GOP plan to replace ObamaCare, tells FOX News Republicans are going through 'typical growing pains' of being the governing party and more in an interview with Tucker Carlson.

Carlson said the Obamacare replacement plan along with tax and economic policy that historically has benefited the wealthy creates a concern that we're going to repeal Obamacare, but we're also going to send more money to the richest.

"You have the overview here is that all the wealth basically in the last ten years is stuck to the top," Carlson told Paul Ryan. "That's one of the reasons we've had all this political turmoil as you know. It's so, kind of a hard sell to say yeah, we're going to repeal Obamacare but were going to send more money to people who have already gotten the richest over the last ten years, that's what this does, no? I'm not leftist, that's just true."

TUCKER CARLSON: Let's get to the tax policy. So as I understand it, and I'm just reading this so I may have it wrong for there's an investment tax in here, the net investment income tax. And as far as I know it only kicks in on couples making more than a quarter million dollars per year. So it's a tax on wealthy investors. And you're eliminating it in a health care bill. My question is looking at the last election was the message of that election really we need to help investors? I mean, the Dow is over 20,000, are they really the group that needs the help?

REP. PAUL RYAN, SPEAKER OF THE HOUSE: This was a tax on capital income which is bad for economic growth, it's like capital gains tax, effectively, to finance Obamacare. We're not going to do Obamacare, so we're not going to keep Obamacare taxes in place.

So all of these taxes -- the he trillion dollar tax cut that this bill represents, that's part of that trillion dollar tax increase that was in Obamacare that financed Obamacare. We promised we would repeal the Obamacare taxes, this is one of the Obamacare taxes. So we're keeping our promises. And by the way it's bad tax policy because it's bad for economic growth and were also repealing Obamacare spending. So, were getting rating of its tax and we're getting rid of its spending and this is us keeping out word. You may want to keep at 3.8% tax, we're not going to keep it because it was part of Obamacare.

CARLSON: Well, but lots are things are part of Obamacare that you just said a minute ago that you're not doing anything about because he can't under reconciliation.

PAUL RYAN: Only because of reconciliation.

CARLSON: That's right, you just said you don't have to meet every promise in this first round... but also, you have the overview here is that all the wealth basically in the last ten years is stuck to the top. That's one of the reasons we've had all this political turmoil as you know. It's so, kind of a hard sell to say yeah, we're going to repeal Obamacare but were going to send more money to people who have already gotten the richest over the last ten years, that's what this does, no? I'm not leftist, that's just true.

PAUL RYAN: I'm not that concerned about it because we said we were going to repeal all of the Obamacare taxes and this was one of the Obamacare taxes. The other point I have to say is this dramatically helps us for tax reform. I know this gets a little wonky, but by getting rid of the Obamacare taxes, the next bill up coming up this spring and summer is tax reform.

That means the new tax code that we are proposing, we put this in our Better Way plan too, it's part of our blueprint, go online and read that as well. That will not have to overcome those Obamacare taxes. Meaning, when we have a new and replaced tax code, we've got to replace this tax code, it won't have to also replace the Obamacare taxes. So getting rid of all of these taxes, we're lowering the revenue that is taken out of the American economy, out of families, out of businesses for government, and we think that is really important.


In Part 2 of Carlson's interview with Paul Ryan, he asks the House Speaker why the GOP-led Congress has had such difficulty enacting Trump's agenda and why lawmakers are only working 8 total days in April:

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