Tuesday, May 09, 2017

Saving Their Golden Goose

The taxes stay?
The uncertainty comes despite what Hatch said on the floor of the Senate in February, when he called repealing the Obamacare taxes essential, labeling them “harmful to the economy.” Hatch and other GOP senators, including Budget Chairman Mike Enzi, are signaling they’re going to move slowly as they consider the case for and against repealing the health-care taxes. Some of the Republican senators say they’re wary of the loss of revenue that would result if the Obamacare taxes were eliminated, and how that could jeopardize the prospects of helping the uninsured obtain coverage.

“I think we’ll take our time on that one,” said Senator Mike Rounds of South Dakota.

The House narrowly passed legislation to replace the Affordable Care Act, eliminating taxes that affect insurers, medical device makers as well as individuals earning more than $200,000 a year who face a 3.8 percent tax on investment income. There’s also a 0.9 percent Medicare surcharge for top earners. The Congressional Budget Office estimated on March 23 that the revenue lost from repealing the taxes would total $999 billion over a decade.
They just can't seem to kill the beast...

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