The House GOP’s tax writers announced a flurry of bills to delay Obamacare’s taxes on health insurers and medical devices and lift penalties on employers, saying Americans need “targeted relief” from the levies while they work to repeal and replace the law outright.
Health companies are begging the Ways and Means Committee for relief from a pair of controversial taxes that are set to return Jan. 1, after Congress suspended them in 2015 for two years.
A bill by Reps. Erik Paulsen of Minnesota and Jackie Walorski of Indiana would further delay a 2.3 percent excise tax on medical device sales for five years. Device makers called it a positive first step toward permanently repealing the tax, which has been criticized by both sides of the aisle.
Rep. Kristi Noem of South Dakota offered legislation that staves off the health insurance tax, or “HIT,” in 2018 for insurers who offer rebates to customers, since plans already baked the cost of the tax into next year’s premiums.
The bill would freeze the tax for all insurers in 2019.
Plans regulated by Puerto Rico would get two years of relief from the HIT tax under a separate bill from Rep. Carlos Curbelo of Florida.
More at: https://www.washingtontimes.com/news...amacare-taxes/
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