Cotton Joins Colleagues in Introducing Healthcare Tax Relief Act
Contact: Caroline Rabbitt Tabler (202) 224-2353
Washington, D.C. - Senator Tom Cotton (R-Arkansas) yesterday joined his colleagues in introducing the Healthcare Tax Relief Act. This legislation delays the "Health Insurance Tax" created by the Affordable Care Act for one year. The tax is a fee to health insurers on their health-policy premiums. Joining Senator Cotton as original cosponsors of the legislation are Senators Cory Gardner (R-CO), Jim Inhofe (R-OK), Ron Johnson (R-WI), Rob Portman (R-OH), Jeff Flake (R-AZ), Roy Blunt (R-MO), John Barrasso (R-WY), Ted Cruz (R-TX), Dean Heller (R-NV), and Tim Scott (R-SC).
"The health insurance tax is another example of how Obamacare harms working Americans. I will continue to fight to protect Arkansans from the harm of Obamacare" said Cotton.
According to policy think tank American Action Forum, if implemented, the Health Insurance Tax would increase premiums as much as $5,000 over a decade. It would also directly impact approximately 11 million households that purchase insurance through the individual market and another 23 million households that have insurance through their employer.