Vote to Cut Another Portion of President Obama's HealthCare Reform Law
Updated: Friday, August 2 2013, 09:14 PM EDT
The Republican controlled house has voted for the 33rd time to scrap all or part of President Obama's Healthcare Reform Law. Republicans say repealing the law would spare some Americans from unnecessary tax.
It's the big question many are asking, and local accountants are trying to answer - how will healthcare reform affect the public's bottom line?
Chris Overturf, CPA, said, "We've had a little bit of time to start digesting some of it and start planning for some of the things that might effect some of our clients."
The big cost is the Individual Mandate that will cost people who do not buy insurance at least 95 dollars a year. The bulk of the taxing effects will be fairly isolated. Overturf says most of the changes he sees will go to the upper class.