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House approves GOP bill repealing medical tax
Question of the Day
Democrats said the day’s debate showed Republicans were more interested in making political gestures than in considering legislation that would help the weak economy. Rep. Sander Levin, D-Mich., said the GOP motives were aimed at Election Day.
“A deliberate effort, now increasingly undisguised, to close the door on action to engender job creation and economic growth before the election,” Levin said. “Nov. 6 is what is driving the Republican Congress. Politics, not people.”
In its veto letter, the White House complained that the tax repeal would weaken the health care law, and said raising money by boosting subsidy refunds would be a tax increase on many families and discourage many of them from getting health coverage.
The bill also included provisions letting people get refunds of up to $500 if they don’t use all the money in their medical flexible spending accounts, and allowing owners of some tax-favored health savings accounts to use the funds to buy over-the-counter medications.
Those two items would have a 10-year price tag of $8 billion.
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