GovTrack’s Bill Summary
We don’t have a summary available yet.
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
Total Repeal of the Unfair Taxes on Healthcare Act of 2012 or the TRUTH Act of 2012 - Amends the Internal Revenue Code, with respect to health care provisions added by the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010, to repeal:
(1) the excise tax on the excess benefit from certain high cost employer-sponsored health coverage plans;
(2) the excise tax on net investment income in the Medicare taxable base;
(3) the prohibition against payments from health flexible spending arrangements, health savings accounts (HSAs), and Archer medical savings accounts (MSAs) for over-the-counter drugs;
(4) the increased penalty on distributions from an HSA or Archer MSA not used for qualified medical expenses;
(5) the limitation on annual salary reduction contributions by an employee to a health flexible spending arrangement under a cafeteria plan;
(6) the increase in the income threshold for claiming an itemized deduction for medical expenses;
(7) the excise tax on indoor tanning services;
(8) the requirement that individuals maintain minimal essential health care coverage; and
(9) the excise tax on medical devices.
Repeals provisions of PPACA that require:
(1) annual fees on branded prescription drug manufacturers and importers and on health insurance providers, and
(2) a report by the Secretary of Veteran Affairs (VA) on the effect of fees assessed by such Act on the cost of medical care provided to veterans and on access by veterans to medical devices and branded prescription drugs.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.