Читать книгу Small Business Taxes For Dummies - Eric Tyson - Страница 32

Since the Affordable Care Act (also known as Obamacare) was passed by Congress in 2010, some Republicans in Congress vowed to repeal it. With the election of Republican Donald Trump in 2016, it seemed that the pieces were in place for Obamacare’s successful repeal. But, Republicans fell one vote short in the Senate when the late Arizona Senator John McCain gave the repeal measure his infamous thumbs-down vote.

So, the 2017 tax bill included a little known or discussed measure that eliminated Obamacare’s mandate effective in 2019, which required people to have or buy health insurance coverage and if they didn’t, they’d face a tax penalty. So, the penalty tax also disappeared in 2019.