Tags: barrasso | hatch | obamacare | tax

GOP Senators Re-introduce Bill to Scrap Obamacare Tax

Image: GOP Senators Re-introduce Bill to Scrap Obamacare Tax U.S. Sen. John Barrasso (R-WY)(L) and Sen. Orrin Hatch (R-UT).

Tuesday, 19 Mar 2013 03:36 PM

By Dan Weil

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
GOP Sens. John Barrasso and Orrin Hatch re-introduced a bill Tuesday that would get rid of the Affordable Care Act's tax on health insurance.

They contend that Obamacare is curbing economic growth, The Hill reports. "Higher insurance costs, fewer jobs, and smaller paychecks is not what President Obama promised when he signed the largest expansion of government into law nearly three years ago, but that’s exactly what’s already happening," Hatch said in a statement.

America's Health Insurance Plans (AHIP), a trade association representing the health insurance industry, voiced support for the bill. "Taxing health insurance makes it more expensive, and that is the opposite of what healthcare reform was supposed to accomplish," AHIP President Karen Ignani said in a statement.

"Families and small businesses simply cannot afford to pay an additional $100 billion sales tax on their health insurance at a time when they are already struggling to keep up with rising medical costs."

The bill came out the same time as a report from the National Federation of Independent Business estimating the tax will erase 146,000 to 262,000 jobs by 2022. The Federation backs the proposal.

Barrasso of Wyoming and Hatch of Utah originally introduced the bill in November 2011.



© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

IRS Gave White House Thousands of Taxpayer Documents

Thursday, 27 Nov 2014 18:48 PM

The IRS improperly turned over thousands of confidential tax documents to the White House for review, according to infor . . .

Hillary's Speeches Carry Hefty Price Tag, Specific Demands

Thursday, 27 Nov 2014 17:32 PM

While she doesn't come with a rock star's extensive backstage rider, new documents about requirements for hosting a Hill . . .

Russian Muslim Leader Swears Obedience Oath to ISIS

Thursday, 27 Nov 2014 17:02 PM

A Russian Muslim leader from the North Caucasus region of Dagestan swore allegiance to Islamic State, according to a You . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved