[Congressional Record (Bound Edition), Volume 159 (2013), Part 1]
[House]
[Pages 108-109]
[From the U.S. Government Publishing Office, www.gpo.gov]




                $1 TRILLION HIKE FOR AFFORDABLE CARE ACT

  (Mr. BURGESS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. BURGESS. Madam Speaker, 2013, brand-new year, brand-new Congress. 
But what's this year also bringing? How about some brand-new taxes 
under the Affordable Care Act.
  There is a medical device tax that started on January 1 of 2.3 
percent on gross sales. This means some of our smallest companies, 
medical start-up companies, are going to pay a tax not on profits but 
their gross receipts.
  The flexible spending account that many families rely upon to pay for 
recurring expenses with pre-tax dollars, especially those families with 
special needs children, those are now capped at $2,500.
  Investment income, a surtax of 3.8 percent for people who earn above 
a certain level.
  Taxes on medical deductions, it rises from a 7.5 percent reduction to 
10 percent on adjusted gross income. That means our sickest 
constituents are going to be paying more taxes.

[[Page 109]]

  And then, finally, the Medicare payroll tax hike. For the first time, 
individuals who earn investment income are going to be paying a payroll 
tax of .9 percent. There will be an additional .9 percent on other 
income as well.
  Let's be honest, the Affordable Care Act benefits are still over a 
year away, but boy, you got a big tax bill January 1.

                          ____________________