Today, Thursday June 7th Congresswoman Ileana Ros-Lehtinen (R-FL) lauded House passage of a bill that will prevent health care costs from increasing by repealing the $29 billion medical device tax of ObamaCare.
The "Health Care Cost Reduction Act" H.R. 436 allows people who have health savings accounts, health flexible spending arrangements and similar types of health accounts to purchase more affordable over-the-counter medication without a prescription. The bill is projected to reduce the deficit by $6.7 billion in the next nine years and most importantly, the legislation prevents a multi-billion dollar tax from taking effect in the midst of a stalled economic recovery.
Said Ros-Lehtinen: "I am pleased that the House passed this important tax cutting legislation. During this economic downturn, we need common-sense solutions to stimulate growth, create jobs and curb rising costs, not another federal tax taking money from the private sector and placing it in the hands of bureaucrats.
This bill combines four bipartisan policies to reduce health care costs, protect jobs, and reduce the deficit. I hope the Senate wakes up from its self induced slumber and gives this legislation the serious consideration it deserves. The American people are pleading for action from our Senate counterparts."