Thursday, December 22, 2016

Obamacare On Hold?

Will some of its taxes remain?
GOP lawmakers on the House Ways and Means Committee discussed the possibility of keeping some of the taxes in place during a retreat last week at the Library of Congress, the sources say.

Even if some of the taxes are not removed as part of the initial repeal bill, it does not necessarily mean they will remain indefinitely. Some ObamaCare taxes could be dealt with as part of a larger tax reform bill later in the year.

Still, there is at least a possibility that some taxes could remain in place to provide revenue for a replacement healthcare measure.

Discussions are still in flux, however, and ObamaCare taxes could be repealed right away. Including the law’s taxes in a repeal bill could be an easier political move for Republicans, given the importance many have placed on repealing as much of the law as possible.
Sooner rather than later...

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