Obamacare repeal bill revealed

In the United States, a seven-year push to dismantle Obamacare is on the home straight.

Protesters hold a 24-hour vigil outside the Trump International Hotel and Tower in New York Source: AAP

The draft bill proposes repealing the 3.8 per cent net investment income tax on high earners, and making it retroactive to the start of this year.

Republicans have been deeply unhappy with the tax, which affected high-income Americans and was imposed to help pay for Obamacare.

U-S President Donald Trump says the new healthcare plan will be compassionate and meaningful.