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From the category archives: GA-HealthCare TaxesGA-HealthCare Taxes
On April 27, the Internal Revenue Service issued guidance on providing relief for certain small businesses that wish to claim the Small Business Health Care Tax Credit for 2017 and later years.
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On Jan. 22, President Trump signed a stopgap spending bill (H.R.195) to end the government shutdown and fund government operations through Feb. 8. Included in the bill was a suspension for 2019 of the health insurance tax (HIT) on providers included in the Patient Protection and Affordable Care Act.
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During the early hours of July 28, Senators Susan Collins (R-Maine), John McCain (R-Ariz.) and Lisa Murkowski (Alaska) voted “no” on the Senate Republican’s “skinny repeal” proposal, a scaled-back version of previously supported Senate Republican Affordable Care Act (ACA) repeal bills, which failed by a vote of 49 to 51. If the vote on final passage had been successful, it would likely have triggered a conference committee with the House of Representatives whereby the chambers would have tried to resolve their legislative differences. Senate Majority Leader Mitch McConnell’s (R-Ky.Y) statement on the failed vote can be read here.
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On June 22, the U.S. Senate issued the Better Care Reconciliation Act of 2017, a substitute to the House-passed American Health Care Act (AHCA), which would repeal and replace several provisions of the Affordable Care Act. The Senate bill was slated for a vote this week; however, on June 27 Senate Majority Leader Mitch McConnell (R-Ky.) delayed the vote until after the July 4 recess due to a lack of support for passage.
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On May 24, the Congressional Budget Office (CBO) released a report with estimates on the costs and overall effect of H.R. 1628, the American Health Care Act. This is the third report to come from the CBO since the bill was introduced in March. If the U.S. Senate passes the bill in its current form, the CBO estimates that the bill would reduce the federal deficit by $119 billion between 2017 and 2026 – $32 billion less than the original bill would have reduced.
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The U.S. House of Representatives took steps to repeal and replace the Affordable Care Act by passing H.R. 1628, the American Health Care Act (AHCA) on May 4. H.R. 1628 repeals several of the most harmful and burdensome provisions of the ACA, including the employer mandate penalty, costly tax increases and limitations on contributions to and restrictions on the use of flexible spending accounts and health savings accounts. ABC sent a letter in support of H.R. 1628 to the U.S. House of Representatives, which passed the House by a vote of 217-213. The bill now awaits action in the U.S. Senate.
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In its first two weeks, the Trump administration took a series of significant executive actions in the areas of federal regulation, infrastructure, manufacturing, trade, immigration and health care.
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On April 28, ABC submitted a letter to the chairmen of the congressional Task Force on Health Care Reform urging them to take action on common-sense health care solutions. In the letter, ABC expressed its strong support for the task force’s mission to “modernize American health care with a patient-centered system that gives patients more choice and control, increases quality, and reduces costs.”
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On April 12, ABC joined more than 60 national and multi-state organizations across the country in sending a letter to members of the House Committee on Ways and Means urging them to take action on the Small Business Healthcare Relief Act (H.R. 2911 ). The bill would allow small businesses that have fewer than 50 employees to offer employer payment plans and Health Reimbursement Arrangements (HRAs) to employees for the payment of premiums or qualified medical expenses associated with insurance coverage.
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The U.S. House of Representatives passed an amended version of the Restoring Americans’ Healthcare Freedom Reconciliation Act (H.R. 3762) Jan. 6, which would repeal several, job-killing provisions in the Affordable Care Act. The same version of the bill passed the Senate 52-47 in Dec. 2015.
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