The Bull Elephant
  • Home
  • About The Bull Elephant
  • Fun Stuff
  • Contact The Bull Elephant
Latest Posts
The McDuff Debacle
A new convention plan
Sunday Memes–Let’s all try to be less white
Shaun Kenney is Correct
Letter from RPV Chairman regarding convention at Liberty...
Tilting at Windmills
Northam to relax some COVID restrictions

The Bull Elephant

  • Home
  • About The Bull Elephant
  • Fun Stuff
  • Contact The Bull Elephant
Rep Kevin McCarthy, Speaker Paul Ryan, Rep. Greg Walden (Chip Somodevilla/Getty Images)

Taxes eliminated by the American Health Care Act

written by Jeanine Martin May 5, 2017

On Thursday the House passed the American Health Care Act (HR 1628). The act reduces taxes by over $1 trillion.  Americans for tax reform has made a list of taxes imposed by Obamacare and  abolished by AHCA:

-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.

-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 Obamacare tax on retiree prescription drug coverage. This is a $2 billion tax cut.

Read more here. 

 

 

Taxes eliminated by the American Health Care Act was last modified: May 5th, 2017 by Jeanine Martin
Obamacare taxes repealed
32 comments
Jeanine Martin

Also known as Lovettsville Lady, I am a Republican activist in the wilds of western Loudoun County.

Your life will be better if you click one of these

The McDuff Debacle

February 28, 2021

A new convention plan

February 28, 2021

Sunday Memes–Let’s all try to be less...

February 28, 2021

Shaun Kenney is Correct

February 27, 2021

Letter from RPV Chairman regarding convention at...

February 27, 2021

Tilting at Windmills

February 26, 2021

Northam to relax some COVID restrictions

February 24, 2021

Liberty University denies any agreement reached with...

February 24, 2021

That Never Happened

February 24, 2021

SCC backs drive-in convention in Lynchburg

February 23, 2021

Fun Stuff

  • Sunday Memes–Let’s all try to be less white

  • Sunday Funday Memes!

  • Sunday Memes–We deserve a laugh today

  • Best Super Bowl commercials 2021

  • Sunday Memes, Circleback!

Advertisement

Advertisement

Sign Up for Email Alerts

[wysija_form id="5"]

Advertisement

  • Facebook
  • Twitter

@2017 Bull Elephant Media LLC.


Back To Top