House Votes to Repeal and Replace Obamacare!

The House of Representatives finally approved a bill to repeal Obamacare (Affordable Care Act ACA) and replace it with the American Healthcare Act (AHA).  The measure now heads to the Senate.  If passed and signed by Trump in its current form the AHA would eliminate several Obamacare taxes including the individual mandate tax which is really a fine for not having health insurance.  It would also eliminate the Obamacare employer mandate tax (fine), the medicine cabinet tax, flexible spending account tax, the chronic care tax, and Obamacare’s 10% excise tax on tanning salons.  It would also eliminate the Obamacare health insurance tax and the 3.8% surtax on investment income.  Additionally, the AHA would eliminate the medical device tax and the tax on Rx drugs.  For more details on these possible tax eliminations see:

http://www.atr.org/list-obamacare-taxes-repealed

 

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