text: While you're at it, let's get rid of the capital loss carry over deduction and reduce the net operating loss deduction from 20 years to 5 years as well. You have no clue what the purpose of the EIC credit is intended to do. The removal would far exceed the cost of having it in place. Same can be said for health care. On paper now it might show a $119 billion reduction. Truth be told, nobody can claim that with certainty.  Reduced premiums? I have not seen a reliable assessment that premiums would be reduce. All reliable sources claim the exact opposite.