Obamacare hurts parents of special-needs children
Obamacare hurts everyone.
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President Obama’s Affordable Care Act, known as “Obamacare,” will make it more difficult for parents of special-needs children to pay for tuition at special schools and to purchase medical equipment, according to a new report.
More than 30 million Americans place money into a pre-tax Flexible Spending Account (FSA) through their employers to help save emergency funds to pay for their families’ medical costs. Obamacare institutes a brand new $2,500 cap for FSAs, which will make more money taxable and could raise $13 billion in taxes for the federal government over the next decade.
“Before Obamacare passed, there was no limit to how much money you could put into your FSA at work,” Ryan Ellis, tax policy director at Americans for Tax Reform, told The Daily Caller. Ellis was inspired to perform research on the issue after hearing the complaints of a friend with a special-needs child.