By Mike Debonis and Damian Paletta | Washington Post

Related Articles

Silicon Valley fumes over Senate GOP proposal to tax vested stock options

Trump urges bigger tax cuts for the rich

Hornets’ nest: How the tax-reform bill could affect many middle-class Americans

Analysis: Winners and losers in the Senate tax plan

Senate tax plan delays biz cut, undoes deductions

WASHINGTON – Senate Republican leaders are altering their tax bill to include a repeal of the Affordable Care Act’s individual mandate, a major change as they now try to accomplish two of their top domestic priorities in a single piece of legislation.

Party leaders said Tuesday their tax bill will include a provision that would repeal the individual mandate, a part of the health care law that creates penalties for Americans who don’t have health insurance.

“We’re optimistic that inserting the individual mandate repeal would be helpful,” Senate Majority Leader Mitch McConnell, R-Ky., said Tuesday after meeting with party members during a closed-door lunch.

Republicans had until Tuesday resisted making the change, worried that injecting health care politics would imperil the tax bill. But many of their members have supported adding the repeal, a move President Donald Trump has pushed repeatedly as well.

Repealing the mandate would free up more than $300 billion in government funding over the next decade, but it would also eventually lead to 13 million fewer people having health insurance, according to projections from the Congressional Budget Office.

Interested in more coverage of the California marijuana industry? Head to or …read more

Source:: The Mercury News – Business

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published.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