WASHINGTON ― Republicans in the U.S. Senate want to gut Obamacare in the latest draft of tax reform legislation they released late Tuesday. The new version of the tax bill repeals the Affordable Care Act’s requirement that all Americans either purchase health insurance or pay a penalty. The tax bill in the House, which could see a floor vote this week, does not include the Obamacare provision. Including the mandate repeal helps put back some of the money that the bill loses through tax cuts for the wealthy and corporations. In another big twist, the new Senate tax legislation makes many of the individual tax cuts in the plan temporary in a bid to comply with Senate rules that forbid certain legislation from adding to the federal budget deficit after 10 years.

Source: Huffington Post November 15, 2017 04:30 UTC