RALEIGH – The Council of State has some interesting characters that are usually up to no good. N.C. Secretary of State Elaine Marshall is busy certifying illegal aliens as notaries and N.C. Attorney General Josh Stein seems to get off on suing the Trump administration for damaging his precious leftists causes like Obamacare and the farce that is the man-made climate change narrative. Luckily, Republican Dale Folwell continues to follow through on campaign promises at the Office of State Treasurer.
Folwell, who has already saved taxpayers hundreds of millions in investment fees and reversed last minute moves by his Democratic predecessor to cover gender reassignment medical procedures in the State Health Plan, is now reaching out to the Trump administration in an effort protect against one of the many taxes embedded in Obamacare.
In late 2015 Congress issued a moratorium on the Health Insurance Tax (HIT) that saddles Medicare recipients with higher premiums in a misguided effort to offset the tax credits issued to Obamacare exchange enrollees. (See: Theft)
The moratorium is set to expire at the end of this year, which would mean a significant increase in premiums for families (+$545) and individuals (+$160) in 2018. All told, Folwell estimates the return of HIT will hit the State of North Carolina with an additional $366 million in premiums.
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“As so often is the case, the costs of the tax will be borne by businesses, middle-class families, Seniors, and taxpayers,” asserted Folwell in the letter to Trump. “[…] Therefore, I am asking you to extend the moratorium, through executive order or any other means, on the HIT through 2018. Not only will it save billions for hard-working Americans across the country, it will save thousands of jobs.”
It was expected that HIT would be taken care of as part of any Obamacare repeal/modification effort, but Congress has proven useless thus far in implementing the campaign promises they have been elected on over the last eight years.
Not so for Folwell. This conservative leader continues to be a hands-on, solutions oriented public servant that has followed through on his campaign talking points in a manner that is all too rare for a politician.
There is no hope that leftists like Cooper, Stein, and Marshall will ever really do right by individuals and taxpayers, not to mention some of the monkey business Republican lawmakers have a habit of slipping under the wire, but North Carolinians should feel comfort knowing that Dale Folwell is on guard at the State Treasurer’s Office.