You Won't Believe What Really Happened Yesterday!

The American Health Care Act (HR 1628) passed by the House yesterday turned out to be a real milestone in many ways.

One of the biggest was the way that it effectively reduces taxes on the American people, slashing them by over a whopping one TRILLION dollars! You got that right.

And the extent of the tax axe is truly astonishing.

The bill actually abolishes all of the following taxes imposed by Obama and the Democrats in 2010 as part of Obamacare:

-The Obamacare Individual Mandate Tax which hits 8 million Americans each year. VANQUISHED!

-The Obamacare Employer Mandate Tax. GONE! Together with repeal of the Individual Mandate Tax repeal this is a $270 billion tax cut. 

-Obamacare’s Medicine Cabinet Tax which hits 20 million Americans with Health Savings Accounts and 30 million Americans with Flexible Spending Accounts. KAPUT! This is a $6 billion tax cut. 

-Obamacare’s Flexible Spending Account tax on 30 million Americans. VAPORIZED! This is a $20 billion tax cut. 

-Obamacare’s Chronic Care Tax on 10 million Americans with high out of pocket medical expenses. SQUASHED! This is a $126 billion tax cut. 

-Obamacare’s HSA withdrawal tax. WITHDRAWN! This is a $100 million tax cut. 

-Obamacare’s 10% excise tax on small businesses with indoor tanning services. CRUSHED!

This is a $600 million tax cut. 

-Obamacare'S health insurance tax. FLATTENED! This is a $145 billion tax cut. 

-Obamacare's 3.8% surtax on investment income. ELIMINATED! This is a $172 billion tax cut.

-Obamacare's medical device tax. REPEALED! This is a $20 billion tax cut.

-Obamacare's tax on prescription medicine. UNDONE! This is a $28 billion tax cut.

-Obamacare's tax on retiree prescription drug coverage. BURIED! This is a $2 billion tax cut.

REMEMBER: Obama had promised repeatedly that he would not raise taxes on any American earning less than $250,000 per year. OBAMACARE BROKE THAT PROMISE! Now, that has all been undone if this bill passes the Senate.

H/T: Americans for Tax Reform.