If Democrat Senate candidates Raphael Warnock and Jon Ossoff win their runoff elections on January 5th, 2021, they will provide the deciding votes for the Biden-Harris agenda of tax increases on families and businesses in Georgia and across the country.
This will result in the reinstatement of the Obamacare individual mandate tax penalty, increasing taxes on over 100,000 low and middle-income Georgia families.
The individual mandate tax forced American families to purchase government approved health insurance or pay a $695 tax for an individual and $2,085 for a family. It was zeroed out in the 2017 Tax Cuts and Jobs Act (TCJA) passed by Congressional Republicans and signed by President Trump.
When it was in effect, the tax was one of the regressive in the code and hit millions of low- and middle-income Americans across the country and in Georgia. According to IRS data:
In 2017, the tax hit 143,180 Georgia households.
- 127,620 of those households, or 89 percent, had annual income of $50,000 or less.
- 135,360 of those households, or 94 percent, had annual income of $75,000 or less.
In 2018, the tax hit 116,430 Georgia households.
- 100,800 of those households, or 86 percent, had annual income of $50,000 or less.
- 108,290 of those households, or 93 percent, had annual income of $75,000 or less
While Warnock and Ossoff support the Biden agenda of higher taxes, Senator Perdue and Senator Loeffler oppose efforts to reimpose the individual mandate.
By voting for the TCJA in 2017, Sen. Perdue voted to zero out the mandate and reduce taxes for middle class families.
While Sen. Loeffler was not in Congress for this vote, she has consistently opposed new tax increases on the American people. She recently released the “Modernizing Americans’ Health Care Plan,” a framework that directly repudiated the left’s plan to raise taxes and impose socialized healthcare. Instead, her proposal calls for increased healthcare choice and access through free market, patient-centered policies.
On January 5th, a vote for Ossoff and Warnock is a vote to reimpose the Obamacare mandate tax on over 100,000 middle class Georgia families.