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Risks ahead for US tax push as disputes linger and Trump returns

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Reuters
Nov 14, 2017

Congressional Republicans pushed ahead on Monday on a U.S. tax code overhaul as a Senate panel considered the issue, but risks lay ahead with major intraparty disputes unsettled and President Donald Trump returning soon from Asia as the debate heats up.

While overseas at a leaders conference, Trump tweeted some tax bill suggestions early on Monday that were starkly different from the two Republican plans being considered in the U.S. Senate and House of Representatives.

He called on lawmakers to add a highly risky provision to their tax effort: repealing the individual mandate included in the 2010 Obamacare health insurance law that requires Americans to have health coverage or pay a tax to Washington.

Neither of the two Republican plans includes such a politically divisive measure. Efforts by Republicans to dismantle Obamacare, formally known as the Affordable Care Act, collapsed dramatically months ago.

Trump has pushed hard for adding the mandate repeal to the tax-cut package. He tweeted the same suggestion on Nov. 3 just before he departed for his multi-nation Asian tour.

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This article was posted: Tuesday, November 14, 2017 at 9:17 am





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