Sens. Marco Rubio (R-FL) and Mike Lee (R-UT) introduced an amendment to the Senate tax bill on Wednesday that would help provide a bit more relief for middle class families in a tax bill that currently doesn’t do much to help them. Unfortunately, President Trump reportedly opposes it.
Under the current proposed Senate tax bill, the child tax credit is expanded to $2,000, but isn’t refundable. This means that lower-income families who don’t make enough for income ta...
politics
Trump’s pick for Health Secretary promises to implement Obamacare ‘if it remains’
President Donald Trump’s pick for Health and Human Services (HHS) Secretary is a pharmaceutical executive familiar with the department which he is nominated to lead. On Wednesday, before a Senate committee on health, Alex Azar defended his past: law clerk for Justice Antonin Scalia, HHS General Counsel and Deputy Secretary under President George W. Bush, and executive to drug giant Eli Lilly.
Since Trump came to office, HHS has undermined the Affordable Care Act (ACA) and hind...
Republicans win crucial vote for tax cuts with new gimmick, but there’s a catch
The Senate Budget Committee voted the GOP Senate plan out of committee 12 to 11 Tuesday afternoon.
Senate Republicans, scrambling for the votes to even get their tax bill out of committee, needed something to win over Sen. Bob Corker (R-TN) a “deficit hawk” whose support was uncertain in recent days. Both Corker and Sen. James Lankford (R-OK) have both suggested a backstop, or trigger, which would reverse some tax cuts in the case the economy won’t grow as quickly ...
Why the Senate doesn’t have the votes it needs to pass tax reform
As the Senate prepares to vote on their version of the tax bill as early as this week, all eyes are on six Senators.
Three Senators, Jeff Flake (R-AZ), Bob Corker (R-TN), and John McCain (R-AZ) are virtually immune from outside pressure as they are unlikely to face voters again. Flake and Corker are retiring and McCain is 80, just won reelection and is battling a serious illness. All three have expressed serious concerns about how much the tax proposal will increase the federal defi...
Key GOP senator backs Obamacare individual mandate repeal
Sen. Lisa Murkowski did not say if she supports the Senate GOP tax plan
How one GOP senator went from saving Obamacare to being OK with undermining it
Senator Lisa Murkowski (R-AK) casted a pivotal vote over the summer, where she — along with Sens. Susan Collins (R-ME) and John McCain (R-AZ) — saved the Affordable Care Act (ACA) from being repealed. She didn’t just vote against repeal once; she voted against three different G.O.P. health bills and shot down another in September.
But on Tuesday, she said she supports legislation that most health experts say will undermine the current health law. In an op-ed in the...
Murkowski ready to prioritize Arctic drilling over healthcare
In an op-ed published in a local Alaskan paper last week, Sen. Lisa Murkowski (R-AK) announced that she supports repealing the Affordable Care Act’s individual mandate, saying that she “always supported the freedom to choose.”
Murkowski was a key vote in stopping repeal of the Affordable Care Act earlier this year, but there’s one crucial difference this time around: repealing the individual mandate is tied to the Republican’s tax bill, which also inclu...
42 top economists were asked if the Trump tax plan would significantly grow the economy. 1 said yes.
Overhauling the tax code before Christmas would be a difficult task under “normal” conditions, yet Republicans in Congress are pledging to do just that with their tax bill.
There’s just one big problem: It is a supremely poor tax plan that doesn’t provide middle-class tax relief while also serving as a substantial handout to the wealthy.
A University of Chicago survey released Tuesday polled 42 of the nation’s leading economists about the Republi...