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The Kaiser Family Foundation quickly compiled data comparing the current Obamacare subsidy given to people on exchanges with the GOP refundable tax credit included in the repeal and replacement bill released Monday. It let us take this data and show how different people would fare compared to what assistance they receive now.

Expand chart

Data: Kaiser Family Foundation; Chart: Lazaro Gamio / Axios

The Obamacare premium subsidy: This is income-based and offered to people on exchanges who make between 100 and 400 percent of the federal poverty level. It varies with geography and with the price of premiums.

The GOP refundable tax credit: It varies only by age, with people in their 20s getting $2,000 a year; it then increases until people in their 60s receive $4,000 a year. The bill phases out the tax credit for high earners, beginning at an income of $75,000 a year for an individual and $150,000 for a household.

Winners under the tax credit:

  • Young people
  • Higher-income people
  • People who live in areas with low premiums, which are often urban

Losers under the tax credit:

  • Older people
  • Low-income people
  • People who live in places with expensive premiums, which are often rural

Go deeper

33 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.
Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.