GOP Eyes Tax Bill To Repeal Individual Mandate

Sen. Ron Wyden, D-Ore., left, the top Democrat on the Senate Finance Committee, criticizes the Republican tax reform plan while Chairman Orrin Hatch, R-Utah, center, and Sen. Chuck Grassley, R-Iowa, far right, listen to his opening statement as the panel begins work overhauling the nation’s tax code, on Capitol Hill in Washington, Monday, Nov. 13, 2017. The legislation in the House and Senate carries high political stakes for President Donald Trump and Republican leaders in Congress, who view passage of tax cuts as critical to the GOP’s success at the polls next year. (AP Photo/J. Scott Applewhite)

WASHINGTON — The Latest on GOP tax legislation (all times local):

2:20 p.m.

The No. 2 Senate Republican says the GOP is intent on repealing the individual mandate requirement under “Obamacare” as part of the tax bill.

Sen. John Cornyn of Texas told reporters on Tuesday: “We’re going to repeal the tax on poor Americans.”

Targeting the mandate in the tax legislation would save an estimated $338 billion over a decade that could be used to help pay for the deep cuts in corporate tax rates and other tax benefits under the plan.

Without being forced to get coverage, fewer people would sign up for Medicaid or buy federally-subsidized private insurance.

GOP senators took up the subject at their weekly lunch meeting, a day after President Donald Trump again prodded Republican lawmakers to include the repeal in their sweeping tax legislation.

___

3:50 a.m.

Republicans are staking their claim to middle-class rescue on tax cut legislation deemed to carry tax hikes for millions. And President Donald Trump plans an in-person appeal to lawmakers as the proposal faces a crucial vote in the House.

Underscoring the sharp political stakes for Trump, who lacks a major legislative achievement after nearly a year in office, the president will meet with House Republicans on Thursday ahead of an expected vote on the tax overhaul legislation.

Promoted as needed relief for the middle class, the House and Senate bills would deeply cut corporate taxes, double the standard deduction used by most Americans, and limit or repeal completely the federal deduction for state and local property, income and sales taxes.

Nov 14. 2:38 PM EDT AP

 

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