“Obamacare taxes directly suppress economic growth. The best example of this is the 3.8 percent so-called Net Investment Income Investment Tax (NIIT) on capital gains and dividends. Historically, capital gains taxes have a significant negative impact on capital formation, productivity, and economic growth while raising little or even negative revenue,” reads a portion of the coalition letter from the conservative groups.
In the interests of the American people, Senate Republicans must heed the content of the letter sent to them by conservative groups. Republicans took the liberty of promoting themselves as advocates of lower taxes for decades; it is now time for them to follow through. Throughout the time Obama served as President, the GOP complained about the plethora of pitfalls attached to Obamacare. They whined about the hardships imposed on the hardworking people of this nation and now it is time for Republicans to put their money where their mouths are. This starts with fully repealing and replacing Obamacare and eliminating each and every one of the associated taxes. There is no room for compromise on this critical issue.
