Trump Nudges House: Slip ACA Mandate Repeal into Tax Reform

Trump Nudges House: Slip ACA Mandate Repeal into Tax Reform

WASHINGTON _ As House Republicans struggle to produce their ambitious tax overhaul, President Donald Trump weighed in Wednesday with an off-topic suggestion: How about repealing part of Obamacare and use the money saved on health care for tax cuts?

The idea had already been rejected one day earlier by House Ways and Means Committee Chairman Kevin Brady, R-Texas, who had said it risked bogging down the process.

It could not be learned whether Trump's Twitter posts were simply a musing or an official change in administration policy. Conservative groups back data privacy bill Right-leaning groups back global data privacy bill Overnight Health Care: Bipartisan health plan faces new challenge from conservatives MORE (R-Utah) on Monday did not rule out including a repeal of the mandate in tax reform, but Senate GOP aides have said it is unlikely to be added.

Repealing the Affordable Care Act's requirement that most people have insurance coverage would substantially decrease the number of people who have insurance - and therefore decrease the amount of money the federal government spends on Medicaid and subsidizing individual premiums on the Obamacare health exchanges.

Brady said in an interview with radio host Hugh Hewitt on Tuesday that he fears the move could jeopardize tax reform, a concern held by many Republicans.

"I have a modest proposal for the soon-to-be-released tax legislation: repeal Obamacare's individual mandate", he wrote on Twitter.

"Look, I love these ideas from senators on health care, but what my constituents are looking at are for action on health care from our senators", Brady said. I'm still hopeful they can find a way forward.

Cotton argues the mandate, which requires people to have health insurance or pay a fine, should be repealed in tax reform. "So I say focus on jobs and growth and leapfrogging America to the lead pack worldwide".



Latest news

Valuation Review and Technical Analysis of Apollo Commercial Real Estate (ARI)
Nationwide Fund Advisors increased its position in shares of Apollo Commercial Real Estate Finance by 1.3% in the second quarter. Teachers Advisors LLC lifted its position in shares of Ares Commercial Real Estate Corporation by 3.3% in the 1st quarter.

Traders Buy Shares of, Inc. (AMZN) on Weakness
October 27 investment analysts at Citigroup left the stock rating at "Buy" and moved down the price target from $960.00 to $1.00. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of in the second quarter worth about $116,000.

Islamic State Releases Execution Poster Threatening World Cup in Russia
The line up includes the likes of Marcelo, Neymar and Andres Iniesta, so on paper it's a force to be reckoned with. However, ISIS was successful in targeting an international friendly match between France and Germany in 2015.

Royal Bank of Scotland Group plc (RBS) Stock Price Up 0.7%
Currently, the stock carries a price to earnings ratio of 8.84, a price to book ratio of 1.16, and a price to sales ratio of 0.93. Citigroup Inc. restated a "sell" rating on shares of Royal Bank of Scotland Group plc in a report on Friday, July 21st.

Celebrities Who Suffer With Chronic Diseases
Now if that isn’t the epitome of what a BFF is, I don’t know what is! Selena continues to be on chronic medication. There is also a huge list of celebrities past like famous painter vincent Van Gogh who suffered with this disease.

Other news