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Congress Can Chip Away At Harmful Obamacare Taxes
07/28/2015 at 07:25 am - Michi Iljazi


A verision of this article originally appeared in The Daily Caller on July 15, 2015

Despite a frustrating ruling from the Supreme Court that kept the state and federal subsidies intact for the Affordable Care Act (aka Obamacare), there are still opportunities to chip away at some of the law’s more damaging provisions, including many of the taxes that were put in place to help offset some of the financial costs of Obamacare. Many of those taxes – which aren’t generating the promised revenue – shouldn’t have been created in the first place, and are now wreaking havoc on the economy. Even though a full repeal of Obamacare may not be realistic, Congress does have the ability to remove components of Obamacare that have bipartisan opposition. One such component is the tanning tax. Currently, there is legislation in the House of Representatives sponsored by Rep. George Holding (R-N.C.) to repeal the tanning tax, H.R.2698, the “Tanning Tax Repeal Act of 2015.” The bill is a simple one-page piece of legislation that eliminates the tanning tax on indoor tanning salons. The bipartisan bill has 30 cosponsors, including Brad Ashford (D-Neb.) and Collin Peterson (D-Minn.). The 10 percent tax on indoor tanning is the perfect example of a tax not generating the revenue promised.  In 2010, the Joint Committee on Taxation (JCT) projected that the new tax would generate $1 billion between 2010-2014. The IRS reports that the tax only produced $86.3 million in fiscal year (FY) 2011, $91.5 million in FY 2012, and $92 million in both FY 2013 and FY 2014 – a total of only $362 million. With a difference of $600 million, those numbers are far from what was expected.

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