Republicans in the House and the Senate have approved a tax bill that will include permanent tax cuts for businesses, cuts for the top brackets, and temporary cuts for middle-class workers. A repeal of Obamacare's individual mandate is also included in the bill.
After Sen. Susan Collins (R) of Maine, whose vote is crucial, said that health care reform should be dealt with separately from the tax code, the White House may scrap its attempt repeal a component of the Affordable Care Act by attaching it to tax reform.
Senate and House leaders say their tax cuts will boost economic growth and household incomes. But Senate plan would undercut Obamacare and allow middle-class tax cuts to expire, while making cuts for corporations permanent.
Senate Republicans under pressure from President Trump launch another attack on the Affordable Care Act by including a repeal of the individual mandate in the upcoming Senate tax bill. Eliminating the mandate would save an estimated $338 billion over a decade.
Unable to repeal Obamacare, the GOP has set its sights on producing the most extensive overhaul of the US tax system in three decades. An earlier outline of the plan showed a simplified tax filing process and a reduction in the number of tax brackets.
An executive order could allow insurers to offer less-than-full medical coverage, which are likely to draw healthier Americans from more expensive plans that help subsidize coverage.
The president's executive order Thursday allows insurers to offer less-than-full medical coverage, which are likely to draw healthier Americans from more expensive plans that help subsidize coverage.
While far from a sure thing, the plan isn't as visceral as cutting Medicaid, and could be an easier lift for the GOP than health care. Trump is reaching out to Democrats, and may find some takers, though they generally panned the plan as a gift to the wealthy.
By moving power and money to the states, the GOP’s answer to Obamacare built on a powerful idea that's popular beyond conservative ranks. But the Graham-Cassidy bill contained too many other flaws to get the needed votes.
Wanting to fulfill campaign promises is pushing one final effort to repeal the Affordable Care Act. Republican leaders hope that this bill, geared toward state, rather than federal control, will have what it takes to pass both houses in the upcoming vote.