In Outlining GOP Health Care Principles, Gingrich Zeroes in on Health Insurance Tax In Outlining GOP Health Care Principles, Gingrich Zeroes in on Health Insurance Tax – NTK Network

In Outlining GOP Health Care Principles, Gingrich Zeroes in on Health Insurance Tax

Americans could see as much as $500 of their tax-cut savings eliminated by the health insurance tax, if Congress fails to act.

By NTK Staff | 10.30.2018 @11:13am
In Outlining GOP Health Care Principles, Gingrich Zeroes in on Health Insurance Tax

With the midterm elections just a week away and Democrats focusing their closing pitch on health care, former House Speaker Newt Gingrich gave an inside look at where Republicans will focus their attention after November

In a column for Fox News, Gingrich, author of the famed “Contract with America” that swept Republicans into power in 1994, urged the GOP to “clearly articulate how they would fix our broken health care system,” and offered ten specific principles.

Gingrich called on his fellow Republicans to remind voters of their accomplishments on health care, like passing the VA Mission Act and repealing the individual mandate.

He also called for a series of “additional improvements.” Among those improvements is a permanent elimination of the health insurance tax, also known as HIT.

A bipartisan group of lawmakers worked together to delay HIT in 2017 and 2019, but the tax is set to return in 2020. Eliminating HIT is not only important for Republicans ideologically opposed to ObamaCare, but a failure to act would offset gains the average family could see from President Trump’s tax cuts.

In 2020, the average family will see $2,059 in savings from the Tax Cuts and Jobs Act. But if Congress fails to act, nearly 25 percent of the tax cut, or $500 in savings per family, will be wiped out to pay for the Health Insurance Tax.

Gingrich pointed to protecting Americans with pre-existing conditions and eliminating HIT as a few practical changes Republicans can make to help Americans.

“If the American people re-elect Republicans to a majority in the House and Senate, we pledge to enact a series of practical and specific changes, based on what works in the public and private sectors, to build a better health system,” he wrote.

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