Senate votes to advance $1.4 trillion tax cut bill
The Senate voted Wednesday to open debate on a $1.4 trillion tax bill after Republican leaders worked out preliminary deals to the smooth over the concerns of several Republican lawmakers.
The Senate voted Wednesday to open debate on a $1.4 trillion tax bill after Republican leaders worked out preliminary deals to the smooth over the concerns of several Republican lawmakers.
U.S. President Donald Trump would not insist on including repeal of an Obama-era health insurance mandate in a bill intended to enact the biggest overhaul of the tax code since the 1980s, a senior White House aide said on Sunday.
Repealing Obamacare’s individual mandate would save the government $338 billion over a decade and result in 13 million more uninsured Americans in 2027, according to a new CBO score.
The House on Thursday passed a bill to repeal a panel created by Obamacare to cut Medicare if it spends too much.
House and Senate Republican committee leaders introduced an Obamacare stabilization package that is more conservative than a bipartisan package that has stalled in the Senate.
Some Senate Republicans aren’t ruling out including a repeal of Obamacare’s individual mandate in a tax reform bill even though leaders of the House effort have nixed the idea in their legislation.
Republican senator Tom Cotton of Arkansas said repealing the Obamacare individual mandate would save $300 billion over the next 10 years.
The Internal Revenue Service will not accept electronically filed tax returns for the upcoming filing season in which people fail to note whether they have health insurance, according to an agency announcement that is a reversal of informal policy under the Obama administration.
A bipartisan deal to fund Obamacare payments stalled in the Senate Wednesday after President Trump derided the payments as ‘bailouts,’ but Republicans behind the package are trying to keep the deal alive.
Democrats are attacking President Trump for ‘dismantling’ President Obama’s legacy on everything from Obamacare subsidies to immigration amnesty, but nobody knew better than Mr. Obama how vulnerable his go-it-alone agenda would be if Mr. Trump won the election.
Attorneys general from eighteen states and the District of Columbia have teamed up for a lawsuit against President Trump’s decision to discontinue payments to Obamacare insurers.
President Trump signed an executive order Thursday directing federal agencies to loosen Obamacare’s mandates and pledging to bring numerous Americans less expensive health insurance coverage.
President Trump intends to end insurance subsidies under Obamacare, a move that would likely result in lawsuits and put pressure on Congress to act.
The majority of households paying the Obamacare penalty in 2015 were low- and middle-income households, according to the most recent data from the Internal Revenue Service.
The Internal Revenue Service was involved in a $5 million push to pressure Americans to buy Obamacare coverage, according to documents obtained from the watchdog group Judicial Watch.
President Donald Trump, faced with the latest Republican failure to undo Obamacare, pledged on Wednesday to tackle it again next year, suggesting without evidence that he had the votes to pass reform and promising to work with Democrats in the meantime.
Senate Majority Leader Mitch McConnell was left licking his wounds following one of the roughest days of his lengthy political career Tuesday, having failed on a third Obamacare repeal push and then watching his chosen candidate lose a GOP primary runoff in Alabama.
Insurers face a key deadline Wednesday to finalize contracts with states about how much they will charge customers who buy Obamacare plans.
Senate leaders on Tuesday canceled plans to vote on an Obamacare repeal this week, marking a third straight failure for Majority Leader Mitch McConnell and fellow Republicans who have been unable to fulfill their campaign promise.
U.S. Senator Susan Collins rebuffed intense lobbying from fellow Republicans and the promise of money for her state in deciding on Monday to oppose – and likely doom – her party’s last-ditch effort to repeal Obamacare.