Wolters Kluwer Tax & Accounting:

What: Earlier this week, House Republicans unveiled a proposal to repeal the Affordable Care Act (ACA), signed into law by President Obama in March 2010. Republicans and Democrats are currently debating the plan with no apparent end in sight. Wolters Kluwer Tax & Accounting is closely monitoring the GOP’s proposed American Health Care Act and has just released a new tax briefing with an analysis of the tax implications of the plan. Additionally, Wolters Kluwer tax experts are available to provide insight and analysis.

Why: The GOP’s proposed American Health Care Act (AHCA) would eliminate most of the ACA’s taxes, including the penalties connected with the individual and employer mandates, the net investment income (NII) tax and the Additional Medicare tax. Left in place, although delayed, would be the excise tax on high-dollar health plans.

Who: Tax expert Mark Luscombe, JD, LL.M, CPA and Principal Federal Tax Analyst for Wolters Kluwer Tax & Accounting, is available for interviews and in-depth background and analysis about the tax implications of the House GOP’s American Health Care Act. Among the topics Mark can discuss:

• What the immediate “repeal” of the individual/employer mandates means to individuals currently covered under the ACA
• How the new refundable, age-based credit would work
• Which tax provisions would remain from the Affordable Care Act
• When the proposed changes would begin
• How net investment income tax is affected
• How health savings accounts may be impacted
• The impact on Medicare tax
• Proposed changes to the medical expense deduction
• Proposed changes to health flexible spending accounts
• The repeal of tanning services tax

Contact: To arrange interviews with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact:

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