The House tax bill will not include repealing Obamacare’s taxes on health insurers and medical device makers, but House leaders promised to take them up after they finish with tax reform.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, introduced an amendment to the tax reform bill during a committee markup hearing Monday on the Tax Cuts and Jobs Act.
But Brady touched on the omission of repealing Obamacare’s medical device and insurer tax in the amendment.
Brady said Republicans are working with Democrats to create a “common-sense temporary and targeted relief from many of these taxes to be acted on in the House before the end of the year.”
He said the taxes would be brought up “separately and immediately after conclusion of our tax reform efforts.”
The House hopes to pass its overhaul of the tax code by Thanksgiving. The committee is holding a four-day hearing to mark up the bill with any changes or amendments.
The medical device tax is a 2.5 percent sales tax on certain device makers that develop products such as MRI or other machines. The federal government sets the insurer tax annually.
Enforcement of the device tax was delayed for two years and the insurance tax for one year, and both are expected to resume in 2018.
The amendment also does not include a repeal of the individual mandate that forces people to buy insurance. House leaders are considering including that repeal in the bill, which has been requested by President Trump.