The House of Representatives passed the Jobs for America Act by a vote of 253 to 163, which includes the permanent extension of a selected list of the “tax extenders” that expired at the end of 2013, as well as a repeal of the Affordable Care Act’s (ACA) medical device tax.
Since more than 50 tax relief provisions expired at the end of last year, Democrat-led Senate Finance Committee has proposed a renewal of virtually all of them for the next two years, while House Ways and Means Committee Chairman Dave Camp (R – Michigan) has opposed that.
The bill would repeal the 30-hour threshold for classification as full-time employee for purposes of the ACA’s employer mandate, and its replacement with 40 hours. The bill would also repeal the 2.3 percent medical device tax, which, since the beginning of last year, has been levied on the gross sales receipts in excess of USD5m of manufacturers, importers and producers of devices, such as artificial hips, MRI scanners and cardiac defibrillators.
