NTU urges all Representatives to vote “YES” on the veto-override of H.R. 3762, the “Restoring America’s Healthcare Freedom Reconciliation Act.” This legislation will dismantle critical components of the Patient Protection and Affordable Care Act (PPACA), relieving taxpayers of some of the most harmful provisions of this disastrous legislation.
H.R. 3762 includes provisions that would eliminate the individual and employer mandates, repeal all tax hikes associated with the original PPACA legislation – giving taxpayers an $833 billion tax cut – and repeal Medicaid expansion, premium tax credits, and cost-sharing subsidies after two years. The Congressional Budget Office reports that H.R. 3762 would reduce spending by $1.3 trillion over ten years, resulting in a deficit reduction of more than a half-trillion dollars.
Implementing this repeal package would cut to the core of PPACA. The individual mandate, which forces people to buy a product, is especially repugnant to taxpayers and about to become even harder to bear. Without Congressional action, the penalty for noncompliance jumps to $2,085 per family or 2.5 percent of household income, whichever is greater. This unfairly forces many families to choose between paying costly premiums (and even higher deductibles) and the individual mandate tax.
Similarly, without Congressional action, the employer mandate and numerous other taxes will continue to hurt job growth and economic investment, further compromising our already imperiled economic prosperity. Despite the President’s veto of H.R. 3762, it’s important that Congress continue to pursue legislative relief for taxpayers from the failed policies of Obamacare and work to implement sustainable, affordable, and truly patient-focused reform.
Roll call votes on H.R. 3762 will be included in our annual Rating of Congress and a “YES” vote will be considered the pro-taxpayer position.
If you have any questions, please contact NTU Federal Affairs Manager Nan Swift at (703) 683-5700