Jack Kingston

1. SMALL BUSINESS SURTAX (Sec. 551, p. 336) – $460.5 BILLION
   
2. EMPLOYER MANDATE TAX* (Secs. 511-512, p. 308) – $135.0 BILLION
   
3. INDIVIDUAL MANDATE TAX* (Sec. 501, p. 296) - $33 BILLION
   
4. MEDICAL DEVICE TAX* (Sec. 552, p. 339) - $20 BILLION
   
5. $2,500 ANNUAL CAP ON FSAs* (Sec. 532, p. 325) - $13.3 BILLION
   
6. PROHIBITION ON PRE-TAX PURCHASES OF OVER-THE-COUNTER DRUGS THROUGH HSAs, FSAs, and HRSs* - (Sec. 1802, p. 1162) - $2.0 BILLION
   
7. TAX ON HEALTH INSURANCE POLICIES TO FUND COMPARATIVE EFFECTIVENESS RESEARCH TRUST FUND* (Sec. 1802, p. 1162) - $2.0 BILLION
   
8. 20% PENALTY ON CERTAIN HAS DISTRIBUTIONS* (Sec. 533, p. 326) - $1.3 BILLION
   
9. OTHER TAX HIKES AND INCREASED COMPLIANCE COSTS ON U.S. JOB CREATORS - $56.4 BILLION
   • IRS reporting on payments to certain businesses (Sec. 553, p. 344) - $17.1 BILLION
     
   • Delay implementation of worldwide interest allocation rules (Sec. 554, p. 345) - $26.1 BILLION
     
   • Override U.S. Treaties on certain payments by “insourcingâ€� businesses (Sec. 561, p. 346) - $7.5 BILLION
     
   • Codify economic substance doctrine and impose penalties (Sec. 562, p. 349) - $5.7 BILLION
10. OTHER REVENUE-RAISING PROVISIONS - $3.0 BILLION

TOTAL TAX INCREASES: $729.5 BILLION

*Violates President Obama’s pledge to avoid tax increases on Americans earning less than $250,000
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