Cory Gardner is introducing legislation to delay implementation of the Health Insurance Tax.
Sen. Cory Gardner (R-CO), along with several other prominent Republican senators, introduced the Healthcare Tax Relief Act on Tuesday, which would delay the implementation of the Health Insurance Tax (HIT).
HIT is part of the Obamacare legislation and would cause small businesses, middle-class families, and seniors to see a significant increase in their taxes starting in 2018.
According to the Congressional Budget Office (CBO), the HIT will cost Americans $12.3 billion in taxes next year and $145 billion over the next ten years.
“We need to look at every avenue we can to provide relief to the American people from the high costs created by the Affordable Care Act,” Gardner said in a statement. “My legislation delays a tax that once implemented would lead to even higher costs of care for Coloradans.”
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