House GOP Launches Effort to Repeal or Delay 4 ObamaCare Taxes House GOP Launches Effort to Repeal or Delay 4 ObamaCare Taxes – NTK Network

House GOP Launches Effort to Repeal or Delay 4 ObamaCare Taxes

House Republicans on the powerful Ways and Means Committee announced on Tuesday five new bills aimed at rolling back or repealing several of ObamaCare's most unpopular and onerous taxes.

By NTK Staff | 12.13.2017 @10:30am
House GOP Launches Effort to Repeal or Delay 4 ObamaCare Taxes

Republicans on the House Ways and Means Committee announced five new bills on Tuesday aimed at rolling back the most onerous taxes in ObamaCare.

The committee wrote in a press release:

  • H.R. 4617, introduced by Reps. Erik Paulsen (R-MN) and Jackie Walorski (R-IN), provides relief from the job and innovation-killing Medical Device Tax for 5 years.
  • H.R. 4618, introduced by Rep. Lynn Jenkins (R-KS), provides relief for two years from the tax on over-the-counter medications, expanding access and reducing health are costs by once again allowing for reimbursement under consumer-directed accounts.
  • H.R. 4620, introduced by Rep. Kristi Noem (R-SD), provides relief in 2018 from the Health Insurance Tax that drives up health care costs, if the insurer provides the plan holder with a premium rebate and delays the tax in 2019 for all insurers.
  • H.R. 4619, introduced by Rep. Carlos Curbelo (R-FL), provides needed relief from the Health Insurance Tax, for 2 years for health care plans regulated by Puerto Rico.
  • H.R. 4616, introduced by Reps. Devin Nunes (R-CA) and Mike Kelly (R-PA), delivers three years of retroactive relief and one year of prospective relief from the harmful employer mandate paired with a one-year delay of the Cadillac Tax.

The Committee for a Responsible Federal Budget (CRFB) estimated in March that delaying the Cadillac tax 10 years would save taxpayers $66 billion. CRFB also estimated repealing the Health Insurance Tax (HIT) would save taxpayers $145 billion over 10 years, and repealing the medical device tax would save taxpayers $127 billion over 10 years.

For those keeping count, repealing or delaying those three taxes for 10 years alone would lead to $338 billion in 10-year tax relief.

Sign Up

for NTK updates every week.


View Privacy Policy