Donald Trump Mitch McConnell

Senate Republicans are set to include the repeal of a key part of Obamacare in their tax bill to raise revenue.
The idea has the support of top Republican senators and President Donald Trump.
It could prompt opposition from moderate GOP senators since it could lead to 13 million more people going without health insurance.

Even as Republicans embark on their attempt to overhaul the federal tax code, the fight over the future of the Affordable Care Act is again coming to the forefront.

Senate Republican leaders on Tuesday said the massive tax bill in the chamber would include the repeal of a key part of the healthcare law to free up more money for tax cuts.

Senate Majority Leader Mitch McConnell told reporters Tuesday that it would be “helpful” to include the repeal of Obamacare’s individual mandate in the tax bill, the Tax Cuts and Jobs Act (TCJA).

Other members of GOP leadership, Sens. John Thune and John Cornyn, also told reporters that the mandate repeal would be included in the bill.

Senate Finance Committee Chair Sen. Orrin Hatch, who crafted the Senate’s TCJA, told reporters Tuesday that the mandate’s repeal was still on the table. During a hearing on the …read more

Source:: Businessinsider – Finance

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *