Obamacare Raised Taxes on the Sickest Americans. We Just Voted to End It.
Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) spoke on the House floor today in favor of H.R. 3590, the Halt Tax Increases on the Middle Class and Seniors Act, which repeals an Obamacare tax on those with high medical costs.
Full remarks are below or watch online here.
“Mr. Speaker, many words have been said on this floor about Obamacare, about losing doctors and insurance, about losing jobs and hours at work, about premium increases and deductibles so high it makes insurance nearly worthless.
“And you know what? It’s all true. And Obamacare only makes worse two of the biggest problems holding America back: jobs and cost of living. For America to succeed, we need good-paying jobs for people to make ends meet, and we need cost for services like health care to be low enough so people can afford it.
“I’ve spoken too many times, Mr. Speaker, on how Obamacare is hurting job growth and keeping people from full employment. I wish I didn’t have to keep talking about it, but as long as people continue to be hurt by this law, they need a voice. And with the insurers dropping out of the marketplaces in droves, insurance premiums are going up, some by as much as 50% more than the year before.
“And on top of that, before Obamacare, the rule was that if you spent 7.5 % of your income on medical expenses, you could start deducting however much you paid above that from your taxes. The idea was that if you’re really sick, the last thing you need is government making your medical costs even more difficult.
“Well, I’m sure you’ll be surprised, but Obamacare wasn’t happy with lowering your taxes. So they moved it up. President Obama and the Democrats in this Congress that passed this terrible bill raised taxes on the sickest people in America—those who spend the most on medical expenses.
“Now, I don’t understand how they can accept this. I know they didn’t read the bill before they passed it, but now they can try to do something about it. They can make one thing right. Martha McSally’s (AZ-02) bill today, part of the House’s Better Way agenda, brings that threshold right back down to where it was before—7.5 percent. Now, it doesn’t solve the problem, but it at least gives the American people a break. Seniors, middle class, those facing the highest medical bills—they will all finally get some relief.
“Frankly, Mr. Speaker, I don’t see how anyone in this body can be against this. We all know Obamacare is failing. We all know the American people and our country can’t afford this law. So let’s pass this bill and help those that need it the most.
“I yield back.”
NOTE: H.R. 3590 passed with a bipartisan vote of 261-147.