After taking over $50,000 from drug companies, Will Hurd voted for the Washington Republican tax handout, which will jeopardize coverage for 13 million Americans, and raise health care premiums for Texas families, while giving the top 5 drug companies a $42.7 billion tax cut.
Hurd Accepted $42,650 From The Pharmaceutical Products Industry. According to the Center for Responsive Politics, Hurd has accepted $42,650 from the pharmaceutical products industry over the course of his career [Center for Responsive Politics, accessed 8/17/18]
Hurd Accepted $9,250 From The Pharmaceutical Manufacturing Industry. According to the Center for Responsive Politics, Hurd has accepted $9,250 from the pharmaceutical manufacturing industry over the course of his career. [Center for Responsive Politics, accessed 8/17/18]
Hurd Voted For Adopting The Conference Report Of The Tax Cuts And Jobs Act. In December 2017, 227 Republicans voted for: "adoption of the conference report on the bill that would revise the federal income tax system by lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries. Specifically, it would repeal personal exemptions and would roughly double the standard deduction through 2025. It would raise the child tax credit to $2,000 through 2025, would repeal the alternative minimum tax for corporations and provide for broader exemptions to the tax for individuals through 2025. It would double individual exemptions to the estate tax and gift tax through 2025, and would establish a new top tax rate for "pass-through" business income through 2025." The conference report was adopted 227-203. [HR 1, Vote #692, 12/19/17; CQ Floor Votes, 12/19/17]
Center For American Progress: A Family Of 4 In TX-23 Would See Their Premiums Rise By Almost $4,000 After The Tax Bill's Individual Mandate Repeal. [Center for American Progress, 7/24/18]
Final Tax Bill Eliminated Central Affordable Care Act Provision, Leading To 13 Million Fewer Americans With Insurance. "The individual mandate is part of the Affordable Care Act, and removing it was a top priority for Trump and congressional Republicans. The Congressional Budget Office projects the change will increase insurance premiums and lead to 13 million fewer Americans with insurance in a decade, while also cutting government spending by more than $300 billion over that period." [Washington Post, 12/15/17]
Analysis Found Repealing Individual Mandate Would Increase Premiums By Almost $2,000 Per Family In 2019, And Cause 13 Million People Nationally To Become Uninsured.'Senate Republicans' proposed tax reform bill would increase Obamacare prices by an average of almost $2,000 per family in 2019, according to an analysis released Thursday. And the tax bill would lead to 1.8 million more people lacking health insurance in California than currently, another 1 million people becoming uninsured in Texas, and more than 800,000 newly uninsured in New York and Florida each, the report said. Cumulatively, 13 million more people nationally would become uninsured." [CNBC, 11/16/16]
Tax Bill Was Estimated To Save Top Five Pharmaceutical Companies $42.7 Billion. "The tax proposal supported by President Donald Trump and congressional Republicans would give five top pharmaceutical corporations a $42.7 billion tax break." [Public Citizen and ITEP, 11/20/17]