GOP health bill could slash Adelson’s tax bill by more than $40 million

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John Locher / AP

Chairman and Chief Executive Officer, Las Vegas Sands Corporation, Sheldon Adelson, attends the Republican Jewish Coalition annual leadership meeting, Friday, Feb. 24, 2017, in Las Vegas. (AP Photo/John Locher)

By Bob Bryan, Business Insider

Fri, Jun 23, 2017 (2 a.m.)

Sheldon Adelson, the billionaire casino magnate and Republican megadonor, could stand to benefit heavily from the House plan to overhaul America's health care system.

A new report from the Center for American Progress Acion Fund, a liberal think tank, and Tax March found that Adelson could see his tax bill slashed by millions of dollars if the American Health Care Act becomes law.

A Business Insider analysis of the report determined that Adelson could see his tax bill decline by about $43.5 million in 2017 if the AHCA is passed and the tax effect is retroactive to the current year.

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