Individual Taxpayer Reform News

Revised Senate health bill would retain taxes on higher-income individuals

by Alistair M. Nevius | Jul 18, 2017   ()

Senate Republicans on Thursday released a revised version of their Better Care Reconciliation Act of 2017; the new version, if enacted, would retain several taxes first imposed as part of the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148. As in the first version of the Senate bill,released on June 22, most of PPACA’s tax provisions would be repealed, but the 3.8% net investment income tax and the 0.9% Medicare surtax under Sec. 3101 would remain in effect.

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Source: Journal of Accountancy

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