Sabotage Obamacare to finance more tax cuts for the rich? No thanks
Tuesday, 14 November 2017 As Republicans try to rush a tax bill through Congress, some lawmakers want to use the measure to kill a key piece of the Affordable Care Act. Doing so would free up more dollars for tax cuts, but in the most shortsighted and cynical way: by inducing fewer low- and moderate-income Americans to...
The No. 2 Senate Republican says the GOP is intent on repealing the individual mandate requirement under “Obamacare” as part of the tax bill. Sen. John Cornyn of Texas told reporters on Tuesday: “We’re going to repeal the tax on poor Americans.”
The U.S. Treasury has proposed tax regulations for a new 20 percent income tax deduction. The deduction would be for owners of businesses organized as pass-through entities. Reuters reports, the rules..