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Rep Eric Cantor has decided to do away with his proposed health savings account bill and formulate a new one. Concern arose over his initial version of the bill because it called for a large tax hike.
Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s never been his intention to increase taxes,Ã¢â‚¬Â Cantor spokesman Geoff Embler said. Ã¢â‚¬Å“This bill is about giving individuals more control over their healthcare dollars. He is looking at making some revisions and introducing a bicameral bill.Ã¢â‚¬Â
Ã‚Â Cantor hopes to have a reformulated bill introduced by the July 4th recess. A similar version of this bill, without the tax increases,Ã‚Â was introduced in the Senate by Tom Coburn.
Ã‚Â Read more about Rep Cantors'Ã‚Â HSA bill here:Ã‚Â