Congress is moving forward to repeal Obamacare. There are nearly 20 new or higher taxes that hit middle class families, raise the cost of healthcare, and reduce access to care in Obamacare.
The law imposes a tax on employer provided care, a tax on innovative medicines and other treatments, a tax for failing to buy government-mandated insurance, a new tax on health insurance, a tax on medical devices, taxes on Health Savings Accounts and Flexible Spending Accounts and even a tax hike on Americans facing high medical bills. In total, these taxes exceed one trillion dollars ($1,000,000,000,000) over a decade.
Many members of Congress campaigned on lower taxes and reducing the federal governments involvement in healthcare. They can fulfill both promises by repealing all of Obamacare’s $1,000,000,000,000 in higher taxes.
True repeal of Obamacare means repealing ALL Obamacare taxes.
Why Should Obamacare Be Repealed?
The law imposed taxes on Health Savings Accounts and Flexible Spending Accounts, an income tax hike on high-cost medical bills, a new tax on health insurance, a tax on medical devices, a tax on employer provided care, and even a tax for failing to buy government-mandated insurance.
Repealing these taxes will provide much needed relief to the paychecks of families across the country. [Read more]
According to the American Action Forum, the Obamacare health insurance tax will increase premiums by up to $5,000 over a decade and will directly impact 1.7 million small businesses, 11 million households that purchase through the individual insurance market and 23 million households covered through their jobs. The tax could cost up to 286,000 in new jobs and reduce small businesses sales by $33 billion through 2023, according to an estimate by the National Federation for Independent Businesses. [Read more]
The individual mandate will cost $43.3 billion over the course of the next 10 years and prove devastating for taxpayers. lose to 7.5 million taxpayers, or six percent of all filers, opted to pay the individual mandate tax in 2014, which costs a family of four more than $2,000. [Read more]
Obamacare’s “Reinsurance” and “Risk Corridor” Bailouts Cost Taxpayers Billions
In the past few years, the government has stolen a total of $8.5 billion in taxpayer dollars to illegally fund Obamacare through programs like reinsurance. If Congress fails to act, the law could provide more than $170 billion in corporate welfare payments to special interests. [Read more]