Friday, May 5, 2017

The Obamacare repeal is imperfect, but it does some good things, such as eliminate the tax burden on everyday folks and businesses.

-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.
We can definitely be thankful for all of this.  More money in our pockets, less in theirs.


  1. We don't know what the final bill will look like yet. This is a step in the right direction. Allowing all insurance companies to compete all insurance markets will drive down the cost.

  2. I suspect most conservatives in government will be incapable of agreeing on anything. I hope I am incorrect. I fully expect that o-care will not be repealed, but rather improperly altered.

  3. Justice Roberts said Obamacare was legal because it was a tax. If all the taxes are rescinded then, by Roberts definition of Constitutional, the balance of the law should be ............. indyjonesouthere

  4. That's a real nice list. Unfortunately cutting all those taxes means that the Senators and Congressmen won't get the payola they are accustomed to receiving; so it won't pass the Senate.

    More Kabuki theater. Wake me up when it's defeated in the Senate, if it ever even comes up for a vote (probably this is the last we'll hear of it.)

    Yah, I'm cynical. Got the form to leave the R party in hand; thinking of the Constitution Party, just because it would be nice if we started following that old document for a change. Besides, the R party in CA is a total waste of time!