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Tue Nov 14, 2017, 12:07 PM

Rand Paul to offer ObamaCare mandate repeal in Senate tax bill [View all]

Source: The Hill



BY NAOMI JAGODA - 11/14/17 11:56 AM EST

Sen. Rand Paul (R-Ky.) said Tuesday that he will propose amending the Senate GOP tax bill to repeal ObamaCare's individual mandate and create a property-tax deduction similar to that in the House bill.

"Today I am announcing my intention to amend the Senate tax bill to repeal the individual mandate and provide bigger tax cuts for middle income taxpayers," Paul said on Twitter. "The mandate repeal is a promise we all made and we should keep. It also allows an additional $300 billion+ in tax cuts."

Paul expressed concerns that the Senate tax bill would increase taxes on some because it repeals the full state and local tax deduction. The House bill repeals the deductions for state and local income and sales taxes but keeps a deduction for property tax deductions up to $10,000.

"My amendment will fix a problem in the Senate bill where many taxpayers would see a tax increase because of the loss of state and local deductions," he tweeted. "I will introduce a similar deduction as the House plan, making the tax reform plan more fair for everyone."


Read more: http://thehill.com/policy/finance/360287-rand-paul-seeking-obamacare-mandate-repeal-in-senate-tax-bill




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Reply Rand Paul to offer ObamaCare mandate repeal in Senate tax bill [View all]
DonViejo Nov 2017 OP
CrispyQ Nov 2017 #1
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