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Senate Majority Leader Mitch McConnell (R-KY) announced that the Senate’s tax bill will have language to repeal the individual mandate in Obamacare. From The Hill:
“We’re optimistic that inserting the individual mandate repeal would be helpful and that’s obviously the view of the Senate Finance Committee Republicans as well,” McConnell said.
Year - Business - Tax - Rates
It will raise an estimated $300 billion to $400 billion over the next year that could be used to pay for lowering individual and business tax rates even further.
The GOP has only a two seat majority in the Senate, which has proven to be not enough on a few occasions concerning Obamacare. Both Obamacare repeal attempts this year have failed because at least three GOP senators decided to vote no.
Senators - Rand - Paul - Kentucky - Forces
One of those senators is Rand Paul from Kentucky. He joined forces with Ted Cruz (R-TX) and Tom Cotton (R-AR) to attack this provision into the bill. From The Hill:
“I’m pleased the Senate Finance Committee has accepted my proposal to repeal the Obamacare individual mandate in the tax legislation,” Cotton said in a statement.
Mandate - Tax - Cuts - Families - IRS
“Repealing the mandate pays for more tax cuts for working families and protects them from being fined by the IRS for not being able to afford insurance that Obamacare made unaffordable in the first place. I urge the House to include the mandate repeal in their tax legislation.”
That means if Paul is on board, the Senate can only lose two votes. If it’s set at 50-50 then Vice President Mike Pence will cast a tie breaking vote.
Sen - John - Thune - R-SD
Sen. John Thune (R-SD), the #3 Republican...
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