Senate GOP is Gambling Bigly by Rolling Back Individual Mandate in Tax Package

Labor News

Gary Cohn, Director of the National Economic Council, listens as President Donald Trump speaks during a meeting on tax policy. (Jabin Botsford/The Washington Post)

Reprinted from The Washington Post by Tory Newmyer on November 15, 2017.

House and Senate Republicans are moving to repeal the Affordable Care Act’s individual mandate — a surprise turn that would yield more than $300 billion in much-needed revenue even as it revives the toxic politics of the GOP’s summertime drive to gut the landmark law.

Senate GOP tax writers incorporated the high-stakes maneuver into the latest version of their plan (see full text here), released late Tuesday night. They applied the new revenue to making permanent the deeply-slashed 20 percent corporate rate at the heart of the tax plan; doubling the child tax credit to $2,000; and expanding access to a deduction for pass-through businesses. But the updated bill sunsets individual rate cuts at the end of 2025 to help the package comply with strict budget rules — a move that Democrats seized on to blast the GOP for prioritizing corporate interests over working people.  …

Washington Post 11/15

About Jeffrey Burman 2959 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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