Tax Relief
The list of tax burdens the REPEAL takes away......
-Abolishes the Obamacare Individual Mandate Tax which hits 8 million Americans each year.
-Abolishes the 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.
-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 tax on retiree prescription drug coverage. This is a $2 billion tax cut.
Over one year it's $100 billion, which
only represents roughly 2.5 percent of the entire federal government budget.
Also notice that insurance was being taxed. There are no taxes on insurance for the customer.
Plus the FLEX SPENDING accounts were never taxed before. That was the huge reason to enroll in that savings account in the first place; to not be taxed for healthcare or family care expenses.
-Abolishes the Obamacare Individual Mandate Tax which hits 8 million Americans each year.
-Abolishes the 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.
-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 tax on retiree prescription drug coverage. This is a $2 billion tax cut.
Over one year it's $100 billion, which
only represents roughly 2.5 percent of the entire federal government budget.
Also notice that insurance was being taxed. There are no taxes on insurance for the customer.
Plus the FLEX SPENDING accounts were never taxed before. That was the huge reason to enroll in that savings account in the first place; to not be taxed for healthcare or family care expenses.
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