Lawmakers Push for Obamacare 40 Percent Tax Repeal
Reps. Frank Guinta (R-N.H.) and Joe Courtney (D-Conn.) have called for the repeal of Obamacare’s “unfair” 40 percent tax on employee health benefits, which takes effect in 2018.
The tax would apply to health insurance expenditures above $10,200 per person and $27,500 per family.
“Employers that I am talking to are already restructuring plans and cutting benefits to avoid the tax. In reality, any employer, I would think, when faced with the issue of either paying a tax of 40 percent or trying to do something to minimize that, they are going to take the latter option, which is of great concern to me, not just for the employer but for the employee,” Guinta said on a conference call.
“Understand that this is not an integral part of the law. It was controversial from day one,” said Courtney, explaining that its original implementation was delayed to 2018.
Guinta and Courtney have introduced separate bills to abolish the tax.
PJ Media asked how the lawmakers plan to make up for the revenue the tax would generate.