Senate Republicans tie tax plan to repeal of key Obamacare mandate

WASHINGTON (Reuters) - U.S. Senate Republicans on Tuesday linked repealing a key component of Obamacare to their ambitious tax-cut plan, raising new political risks and uncertainties for the tax measure that financial markets have been monitoring closely for months.

In comments that infuriated Democrats and left some senior Republicans unsure what comes next, Senate Republican leader Mitch McConnell told reporters: “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.”

The finance panel, which had been in session for two days, abruptly adjourned on Tuesday as Democrats slammed the Republicans’ handling of their tax proposals, for which formal legislative language has still not been unveiled.

Ron Wyden, the committee’s top Democrat, demanded more time for Democrats to discuss the issue “because we were never told that healthcare was going to be part of it and this just flew in literally out of nowhere in the last 20 minutes.”

Tying Obamacare to the tax program introduces new risks for the Republicans and for President Donald Trump. Together, they have yet to score a major legislative win since Trump took power in January, even with control of Congress and the White House.

The president, who has struggled in his relations with Congress, suggested in a tweet on Monday that the mandate repeal should be added to the tax plan, following up on a similar Nov. 3 tweet.

No final decision on such a move was made at the Senate Republicans’ weekly luncheon, Senator Susan Collins told reporters afterward. She played a key role in July’s collapse of a years-long push by fellow Republicans to gut Obamacare, former Democratic President Barack Obama’s signature healthcare law, formally known as the Affordable Care Act.

“I personally think that it complicates tax reform to put the repeal of the individual mandate in there,” Collins said.

Asked if she would back the tax bill if a mandate repeal were added, she said: “I‘m going to wait and see.”

Panorama Hispano is the regional news and information newspaper for Hispanic and other diverse communities.

US Hispanics are now the largest ethnic minority in the United States numbering 54.2 million as of July 2014. Serving: Buffalo, Rochester, Fredonia, Niagara Falls, NY and Erie, PA. Outside our Market area: Visit our affiliate at: http://www.impremedia.com/

Contact us: Contact@PanoramaHispanoNews.com

Featured News

May 14, 2022
Pricey tortillas: LatAm’s poor struggle to afford staples

MEXICO CITY (AP) — No item is more essential to Mexican dinner tables than the corn tortilla. But the burst […]

Read More
May 14, 2022
Moon goes blood red this weekend: ‘Eclipse for the Americas’

CAPE CANAVERAL, Fla. (AP) — A total lunar eclipse will grace the night skies this weekend, providing longer than usual […]

Read More
May 12, 2022
Ola de colombianos vuela a México para llegar a EEUU

NUEVA YORK (AP) — Álvaro pensó en abandonar Colombia cuando la pandemia golpeó con dureza su negocio de venta de […]

Read More

popular categories

Copyright © 2022 Panorama Hispano News. All Rights Reserved.
crossmenuchevron-downmenu-circlecross-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram