Senators may yet vote on the Republicans’ controversial health care bill, but it won’t happen before they get back from the Fourth of July recess.
Tax reporters Colleen Murphy and Laura Davison talked with host Matthew Beddingfield on the latest episode of Talking Tax about continued GOP efforts to reach consensus on the bill in the face of unflattering Congressional Budget Office scores and heated debate over what the bill should and shouldn’t include.
The Senate will have about three weeks to wrap up negotiations, and vote, before heading home for the traditional August recess. While Republicans can lose two votes and still pass the measure in the Senate, as many as nine senators have made it clear the bill isn’t enough in its current form.
The size of the bill’s tax credits, as well as whether to repeal or retain the Affordable Care Act’s net investment income tax, are two areas still up for negotiation. President Donald Trump appears to have conceded that a bill might not actually pass at all: "This will be great if we get it done," Trump was quoted as saying, "and if we don’t get it done, it’s just going to be something that we’re not going to like. And that’s okay, and I understand that very well."
When and if the Senate does pass a bill, the legislation will either go to conference with the House’s version, or the House will simply vote on the Senate’s version. Then Republicans will face the next challenge on their agenda, which undoubtedly will prove at least as complex as health care: tax reform.
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 firstname.lastname@example.org.
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 email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)