Trump, House GOP Leaders Propose Repeal of ACA Taxes

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House GOP leadership has introduced changes to the proposed American Health Care Act (AHCA) ahead of the bill's upcoming House floor vote on March 23. If the bill is passed, the new Manager's Amendment revisions will accelerate the repeal of Obamacare related taxes retroactively to January 1, 2017.

 

The proposed repeals include, but are not limited to:

 

  • the 3.8-percent net investment income tax (NIIT);
  • the 0.9-percent Additional Medicare tax, along with a transition rule to accommodate the employer withholding;
  • the higher 10-percent adjusted gross income (AGI) threshold for the medical expense deduction and, in its place, reduce the qualifying AGI threshold from 10 percent to 5.8 percent

 

The House was scheduled to vote on the American Health Care Act (AHCA) yesterday, March 23rd, but it has been postponed.  President Trump is pushing for the vote to take place today, March 24th.

 

 

 

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