U.S. House Takes First Step in Repealing Obamacare
by Grover Norquist: The U.S. House of Representatives passed The American Health Care Act (AHCA) 217 to 213. It's the first step in repealing Obamacare and replacing it with a market-driven, patient-focused health care system. Conservatives will need to keep pressure on the U.S. Senate to move the repeal process forward.
I can guarantee the Establishment Media will fail to highlight several key facts about this legislation. The American Health Care Act is a $1 trillion tax cut and a $1.1 trillion spending cut over the next decade. Passing this bill makes fundamental tax reform possible this year. This is a giant step forward in lowering taxes, cutting spending, and reforming our nation's health care system.
The American Health Care Act (AHCA) abolishes the following taxes imposed by Obama and the Democrat party as part of Obamacare:
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Grover Norquist is President of Americans for Tax Reform
Tags: Gover Norquit, Americans for Tax Reform To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
I can guarantee the Establishment Media will fail to highlight several key facts about this legislation. The American Health Care Act is a $1 trillion tax cut and a $1.1 trillion spending cut over the next decade. Passing this bill makes fundamental tax reform possible this year. This is a giant step forward in lowering taxes, cutting spending, and reforming our nation's health care system.
The American Health Care Act (AHCA) abolishes the following taxes imposed by Obama and the Democrat party as part of Obamacare:
- Abolishes the Obamacare Individual Mandate Tax which hits 8 million Americans each year.
- Abolishes the Obamacare Employer Mandate Tax. Together with a repeal of the Individual Mandate Tax, this is a $270 billion tax cut.
- Abolishes Obamacare's Medicine Cabinet Tax which hits 20 million Americans with Health Savings Accounts and 30 million Americans with Flexible Spending Accounts. This is a $6 billion tax cut.
- Abolishes Obamacare's Flexible Spending Account tax on 30 million Americans. This is a $20 billion tax cut.
- Abolishes Obamacare's Chronic Care Tax on 10 million Americans with high out of pocket medical expenses. This is a $126 billion tax cut.
- Abolishes Obamacare's HSA withdrawal tax. This is a $100 million tax cut.
- Abolishes Obamacare's 10% excise tax on small businesses with indoor tanning services. This is a $600 million tax cut.
- Abolishes the Obamacare health insurance tax. This is a $145 billion tax cut.
- Abolishes the Obamacare 3.8% surtax on investment income. This is a $172 billion tax cut.
- Abolishes the Obamacare medical device tax. This is a $20 billion tax cut.
- Abolishes the Obamacare tax on prescription medicine. This is a $28 billion tax cut.
- Abolishes the Obamacare tax on retiree prescription drug coverage. This is a $2 billion tax cut.
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Grover Norquist is President of Americans for Tax Reform
Tags: Gover Norquit, Americans for Tax Reform To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
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