House vote on health-care bill cancelled | KPMG | US

House vote on health-care bill cancelled

House vote on health-care bill cancelled

The U.S. House of Representatives today cancelled an expected floor vote on H.R. 1628—the American Health Care Act of 2017. Future consideration of the bill by the House is unclear at this point. Speaker of the House Paul Ryan told reporters this afternoon that the Affordable Care Act “is the law of the land” and that it will remain in place “for the foreseeable future.”

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H.R. 1628 contained a number of tax provisions including several approved earlier this month by the U.S. House Committee on Ways and Means:

  • Repeal the net investment income tax
  • Repeal the additional health insurance (HI) tax of 0.9% on earned income in excess of certain thresholds
  • Repeal the medical device excise tax
  • Repeal certain health-related tax provisions
  • Repeal the “tanning tax”

 

For further details regarding Ways and Means consideration, read TaxNewsFlash-United States 

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