Health versus wealth: Trumpcare expected to deliver major tax breaks for high earners

Sandra Ekpo

May 09 2017

US President Donald Trump's efforts to pull the reins on the Affordable Care Act, dubbed ‘Obamacare’, gained momentum on Thursday as the Republican’s healthcare bill was passed (narrowly) in the House of Representatives. The bill symbolises an important legislative victory for the Trump administration and paves the way for a tax cut for high earners.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

Sandra Ekpo

Sandra Ekpo previously worked at ITR

more across site & shared bottom lb ros

More from across our site

Direct Tax

Musa Dudhia & Co partner on boxing his way to success

Emmanuel Manda tells ITR about early morning boxing, working on Zambia’s only refinery, and what makes tax cool

January 22 2026

Direct Tax

AI in GCC tax administration: from digital compliance to intelligent governance

Hany Elnaggar examines how AI is reshaping tax administration across the Gulf Cooperation Council, transforming the taxpayer experience from periodic reporting to continuous compliance

Hany Elnaggar, January 22 2026

Transfer Pricing

‘Confidence builder’: LG deal with Indian tax body strikes positive tone

The APA resolution signals opportunities for multinationals and will pacify investor concerns, local experts told ITR

Sam Sholli, January 21 2026

Direct Tax

r and d - acronym from wooden blocks with letters. background hands on a laptop with blur. business concept.

Navigating the R&D landscape in 2026: implications for tax professionals

Businesses that adopt a proactive strategy and work closely with their advisers will be in the greatest position to transform HMRC’s relief scheme into real support for growth

Robert Whiteside, CEO of EmpowerRD , January 20 2026

Direct Tax

Australian taxpayers blocked from leaving country over unpaid debts

The ATO and other authorities have been clamping down on companies that have failed to pay their tax

Tom Ravlic, January 20 2026

Direct Tax

Washington DC Capitol view on cloudy sky background

A big, beautiful analysis of the One Big Beautiful Bill

The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact

Barry Herzog, January 16 2026

Direct Tax

Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC

PwC Middle East announces leadership transition

Hani Ashkar, after more than 12 years leading PwC in the region, is set to be replaced by Laura Hinton

Sam Sholli, January 16 2026

Direct Tax

Treasury has released final and proposed BEAT regulations

A taxing week: Solution for tax agent regulator not a solution for all

With the three-year anniversary of the PwC tax scandal approaching, it’s time to take stock of how tax agent regulation looks today

Tom Ravlic, January 16 2026

Direct Tax

Pillar two is revising global tax competition with a 15% minimum tax rate

This week in tax: Businesses should prepare for pillar two disputes, firm warns

Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran

Sam Sholli, January 16 2026

Transfer Pricing

EY hires four senior PwC tax partners in Australia

Among those joining EY is PwC’s former international tax and transfer pricing head

Sam Sholli, January 15 2026