TRUTH Act of 2012
Latest action · Jul 13, 2012 Referred to the Subcommittee on Health.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 9, 2012
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 23
Members who signed on, in the order they did. Signatures ran from Jul 13, 2012 to Sep 25, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MD | Roscoe G. Bartlett | Jul 13, 2012 | |
| R-AZ | Trent Franks | Jul 13, 2012 | |
| R-TX | Ron Paul | Jul 17, 2012 | |
| R-TN | Stephen Lee Fincher | Jul 17, 2012 | |
| R-NC | Walter B. Jones | Jul 17, 2012 | |
| R-FL | Bill Posey | Jul 18, 2012 | |
| R-TN | David P. Roe | Jul 18, 2012 | |
| R-TX | Francisco "Quico" Canseco | Jul 18, 2012 | |
| R-SC | Jeff Duncan | Jul 18, 2012 | |
| R-IL | Joe Walsh | Jul 18, 2012 | |
| R-LA | John Fleming | Jul 18, 2012 | |
| R-TN | Marsha Blackburn | Jul 18, 2012 | |
| R-SC | Mick Mulvaney | Jul 18, 2012 | |
| R-GA | Paul C. Broun | Jul 18, 2012 | |
| R-IL | Randy Hultgren | Jul 18, 2012 | |
| R-TN | Scott DesJarlais | Jul 18, 2012 | |
| R-KS | Tim Huelskamp | Jul 18, 2012 | |
| R-MS | Alan Nunnelee | Jul 19, 2012 | |
| R-GA | Lynn A. Westmoreland | Jul 24, 2012 | |
| R-VA | Bob Goodlatte | Jul 25, 2012 | |
| R-FL | Richard B. Nugent | Jul 31, 2012 | |
| R-IN | Todd Rokita | Jul 31, 2012 | |
| R-TN | John J. Duncan, Jr. | Sep 25, 2012 |
Actions 3
Everything that happened, newest first.
- Jul 13, 2012Referred to the Subcommittee on Health.
- Jul 9, 2012Introduced in House
- Jul 9, 2012Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Capital gains tax
- Comprehensive health care
- Employee benefits and pensions
- Financial services and investments
- Health care costs and insurance
- Health care coverage and access
- Health technology, devices, supplies
- Income tax deductions
- Income tax exclusion
- Interest, dividends, interest rates
- Prescription drugs
- Sales and excise taxes
- Taxation
- User charges and fees
Text 1
Each version as it was printed, newest first.
- Jul 9, 2012Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.