Legislation replacing Obamacare in the U.S. Senate would cut taxes for nearly 200,000 Arkansans, according to an analysis done by Americans for Tax Reform (ATR).
While the bill doesn’t repeal and replace the Obamacare program entirely (which is what some Republicans pledged to do), it does repeal many of the taxes Americans pay due to Obamacare.
Those include taxes on Health Savings Accounts, Flexible Spending Accounts, and the Obamacare individual mandate.
According to ATR, approximately 190,000 Arkansans would no longer have to pay these taxes if the Senate healthcare bill becomes law.
- 78,780 Arkansas households paid the Obamacare individual mandate tax.
- 74,462 Arkansans have a Health Savings Account. All are subject to Obamacare’s HSA taxes.
- 37,317 school-aged children have disabilities. Flexible Spending Accounts are hit with Obamacare taxes that are especially harmful to special needs families.
So far, both U.S. Sens. Tom Cotton and John Boozman have yet to come out in support of or opposition to the Senate healthcare bill. A procedural vote to begin debate on the legislation is scheduled for next week.
If it passes, it looks like many Arkansans will be keeping more of their hard-earned dollars instead of having them taxed to fund Obamacare.