Repeal ACA Tax on Investment Income and AMT

Current Status: In Progress

As of

As part of the Middle Class Tax Relief And Simplification Act:

"The 3.8 percent Obamacare tax on investment income will be repealed, as will the alternative minimum tax."

Although not part of any legislation advanced by Trump, the House GOP introduced and passed a repeal bill in May 2017 that would effectively strip away ACA-related taxes.

In October 2017, the House passed a budget resolution (H. Res. 553 , H. Con. Res. 71) that specified "repealing the Alternative Minimum Tax." The resolution remains to be reconciled with the Senate budget proposal.

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