If Republicans Are Going To Succeed In Getting Rid Of ACA’s Taxes, This Is Their Window
House Ways and Means Committee Chairman Kevin Brady says there are no plans to use future tax reform legislation to rework them.
Bloomberg:
Health Bill Seen As GOP’s Last Chance To Repeal Obamacare Taxes
Congressional Republicans’ dash to undo Obamacare is about fulfilling a seven-year promise to voters. But it’s also about seizing what may be the party’s last chance to wipe out the 2010 law’s tax hikes on upper earners. The Senate version of the health-care bill released last week would reduce federal revenue by $700 billion over a decade, the Congressional Budget Office estimated on Monday, by repealing tax hikes imposed by the Affordable Care Act. One of the biggest revenue declines would come from retroactively repealing a 3.8 percent tax on investment income for individuals earning more than $200,000 or couples above $250,000. (Kapur, 6/27)
Reuters:
Obamacare Taxes Stand If Senate Fails To Adopt Health Bill: Brady
Nearly $1 trillion of taxes imposed by the Affordable Care Act will remain in place if the Senate fails to adopt legislation to dismantle the law known as Obamacare, the top Republican on tax policy in the House of Representatives said on Monday. House Ways and Means Committee Chairman Kevin Brady told reporters there are no plans to use future tax reform legislation as a secondary route for abolishing the Obamacare levies, should the Senate healthcare effort stall. (Morgan, 6/26)
CQ Roll Call:
GOP Struggles With Message On Repealing Health Care Taxes
When Democrats enacted two taxes on wealthy families to help finance the 2010 health care law, Republicans predicted the levies would be politically unpopular and would not survive. Now, the GOP faces a partisan messaging battle over plans to end a Medicare payroll surtax and a separate tax on investment income that are both levied on taxpayers earning more than $200,000 for an individual and $250,000 for a married couple. (Ota, 6/27)
