Here’s Where the GOP Tax Bill Stands Right Now [Bloomberg Business News]
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Source: Bloomberg Business News
The House tax-writing committee began four days of work Monday to hammer out the details of the Republican tax cut plan. Here are the latest developments, updated throughout the day: GOP Drops Push to Repeal Obamacare Mandate (7:19 p.m.) There are no plans to add the repeal of the Obamacare individual mandate to the House tax bill, according to a person who is helping write the law. While the situation is still fluid, if that provision is added, it would most likely be added to the Senate version, said the person, who asked not to be named when speaking about internal discussions. House Speaker Paul Ryan said on “Fox News Sunday” that House Republicans were considering adding the mandate’s repeal to the bill. Doing so is estimated to raise $416 billion over a decade, which could be used to offset tax-rate cuts. President Donald Trump has posted Twitter messages supporting the move. But party leaders worry that reopening the politically painful Obamacare debate would
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