Health care will be the all-consuming issue on Capitol Hill as the Senate looks to vote on legislation later this week.
Tax reporters Colleen Murphy, Laura Davison, and our tax reporting intern Jason Mast talked with host Matthew Beddingfield on the latest episode of Talking Tax about the challenges facing Republicans as they prepare for a vote.
House Majority Leader Mitch McConnell (R-Ky.) is signaling he wants to vote on the bill in the next several days, but several moderate and conservative Republicans say they can’t support the legislation. The bill repeals the taxes that fund the Affordable Care Act, and provides less in tax credits for insured people. Moderates want more generous tax credits and less Medicaid rollback—areas where conservatives, on the other hand, say the bill doesn’t go far enough to repeal the ACA.
This predicament was expected. Republicans in the House faced the same dynamic when they voted on the bill in the spring. Leaders pulled the package from the floor in March and negotiated for weeks before passing the measure in May.
Over the next few days Senate leadership will be looking to make deals that get at least 50 Republicans on board. Passing the legislation this week would be a win for the GOP and—assuming House and Senate reconcile their versions successfully--would clear the decks for the heavy lifting on tax reform to begin.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)