STATEMENT OF ADMINISTRATION POLICY
H.R. 3590 – Halt Tax Increases on the Middle Class and Seniors Act
(Rep. McSally, R-AZ, and 17 cosponsors)
The Administration strongly opposes
House passage of H.R. 3590. It would repeal a provision of the Affordable
Care Act that limits a regressive, poorly targeted tax break for health care
spending. This repeal would disproportionately benefit high-income Americans,
while increasing national health care spending. Additionally, it would
increase the Federal deficit by $32.7 billion over ten years according to the
Congressional Budget Office.
The Administration is always willing to
work with the Congress on fiscally responsible ways to further improve health
care affordability and the Affordable Care Act. The President's Budget
offers a number of proposals to do so. However, H.R. 3590 would be a step
in the wrong direction because it would increase health care spending and
increase the Federal deficit, while doing little to improve the affordability
of health care for middle-class families.
If the President were presented
with H.R. 3590, his senior advisors would recommend that he veto the bill.
Source: Executive Office of the President, Office of Management and Budget
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