This is a
going to be misrepresented by Democrats and the corrupt media like crazy as a
tax cut for the rich.
It's totally nonsensical but the Democrat Party only operates by a 50 year old script that never changes.
It's totally nonsensical but the Democrat Party only operates by a 50 year old script that never changes.
Americansfor Tax Reform reports the American Health Care Act (HR 1628) passed by the House today reduces taxes on the American people by over $1 trillion. The bill abolishes the following taxes imposed by Obama and the Democrat party in 2010 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 repeal of the Individual Mandate Tax repeal 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.
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