Hardy Votes to Halt Obamacare Tax Hike on Middle Class and Seniors

Press Release

United States Representative Cresent Hardy (R-NV) today released the following statement after House passage of H.R. 3590, the Halt Tax Increases on the Middle Class and Seniors Act:

"Obamacare plans are rising by nine percent next year in the Las Vegas Valley after they just rose eight percent this year," said Hardy. "The last thing the middle class and seniors in Nevada need is to pay more taxes for using health care plans they never wanted in the first place."

H.R. 3590 passed the House of Representatives by a vote of 261-147.

Background about H.R. 3590, the Halt Tax Increases on the Middle Class and Seniors Act:

· The legislation provides tax relief on expensive medical bills by repealing an Obamacare tax hike and reinstating the previous allowable deduction levels.

o Specifically, this bill amends the IRS code to permanently lower the threshold that individuals may generally claim as an itemized deduction from 10 percent of their Adjusted Gross Income to the original 7.5 percent before the Affordable Care Act was signed into law.

o For those 65 years of age and older, this legislation prevents the same tax hike from taking effect next year.

o If signed into law, the legislation would be grandfathered to be in effect for all individuals for the current tax year.

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