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Wicker wants medical tax repealed, will challenge Yarmuth Thursday

Wicker wants medical tax repealed, will challenge Yarmuth Thursday

Credit: Brooks Wicker for U.S. Congress

by Joe Arnold

WHAS11.com

Posted on June 7, 2012 at 5:20 AM

Updated Wednesday, Jun 6 at 11:59 PM

(WHAS11 Political Blog) -- Fresh off his unopposed GOP primary victory, Third Congressional District candidate Brooks Wicker plans a news conference Thursday afternoon in downtown Louisville.

Wicker will use the Humana headquarters as a backdrop to slam U.S. Rep. John Yarmuth (D-Ky3) on health care legislation, in particular Yarmuth's anticipated Thursday vote against a repeal of an excise tax on medical devices.

The 2.3 percent tax was enacted to pay for the historic 2010 Obama health care overhaul and is scheduled to take effect in January.

It's estimated a repeal would drain $29 billion over the next ten years from the health care plan.  Republicans assert that the tax will result in job losses within the medical device industry.


The House vote, however, is largely symbolic because the Democrat controlled Senate is not expected to even vote on the measure and the White House has threatened a veto if the bill landed on President Barack Obama's desk.

The repeal includes two other provisions.  One would allow up to a $500 refund from health flexible spending accounts if consumers have not spent the balance of the account on medical bills.  The other provision would allow consumers to use those flexible spending accounts to purchase over-the-counter drugs.  Neither proposal is allowed under current law.

Democrats argue that allowing consumers more flexibility within their health spending accounts would drain a health care funding source for low-income Americans.

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