There is Something That Democrats and Republicans May Actually Agree On

By NTK Staff | 10.20.2017 @2:30pm
There is Something That Democrats and Republicans May Actually Agree On

Delaying the Health Insurance Tax (HIT) is one thing that both sides of the aisle agree on.

While Democrats and Republicans remain divided on how to fix Obamacare, there seems to be agreement developing on both sides of the aisle that the Health Insurance Tax (HIT) needs to be delayed.

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.

Sen. Heidi Heitkamp (D-ND) introduced a bill this week that would delay HIT for two years.

“Today, I’m building on those efforts by offering a new bill to help reduce the harmful impact of the Health Insurance Tax on families and businesses, which Republicans and Democrats in Congress have voted to delay. But kicking the can down the road isn’t the long-term solution our communities deserve. This bill aims to enable North Dakota families and businesses to rest easy knowing their premiums and access to quality, affordable care won’t skyrocket overnight. For years I’ve been introducing commonsense policies to fix our health care system, offering practical solutions – and this bill to delay and minimize this tax is one more step in that direction,” Heitkamp said in a statement about her bill.

Last month Sen. Cory Gardner (R-CO) introduced the Healthcare Tax Relief Act along with several other Republican senators. It would delay the implementation of HIT.

It would appear that Democrats and Republicans might be able to find agreement around getting rid of HIT.

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