Thursday, December 13, 2018

GOP governors from 12 states call on McConnell and Ryan to repeal the health insurance tax (HIT) and the medical device tax (MDT) by the end of the year

By Governor, Dec. 12, 2018

Dear Leader McConnell and Speaker Ryan,

We write to you today in opposition to two Obamacare taxes, the Health Insurance Premium Tax (HIT) and the Medical Device Tax (MDT). Congress has an opportunity to permanently repeal both taxes before the holidays and we strongly encourage you to seize this opportunity to do so.

As you know, when Obamacare was enacted it contained a slew of new burdensome and destructive taxes designed to prop up the program. These taxes have not only hurt our economy, raised premiums, and restrained wage growth but have also, according to the Tax Foundation, cost 133,000 jobs. While the HIT and MDT taxes for calendar year 2019 were suspended by Congress in 2018, they are slated to take full effect in 2020.
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