With the Trump presidency coming to an end, House Republicans are moving to repeal the Affordable Care Act, the GOP’s signature health care law.
They’re hoping to move quickly to the chamber’s floor for a vote on a bill to undo much of the ACA, which passed with more than two-thirds of the votes required in the Senate and is the centerpiece of President Donald Trump’s effort to enact major tax cuts.
The House GOP tax legislation is expected to include a provision to repeal all of Obamacare, and repeal taxes that were enacted after the ACA passed.
The measure has bipartisan support, including from Senate Majority Leader Mitch McConnell Addison (Mitch) Mitchell McConnellGOP says they’re moving forward with vote on Kavanaugh Corker announces support for Kavanaugh after FBI investigates ‘unless there is widespread voter fraud’ Biden releases ad slamming Senate ‘for refusing to do their jobs’ MORE (R-Ky.).
The House passed the measure on Wednesday with an overwhelming majority of 218 votes, and the Senate has yet to vote on it.
Republicans are hoping to get it through the Senate this week, and are expected to take up the measure in a markup on Thursday.
The bill would repeal taxes on capital gains and dividends, which the Senate is expected move to repeal, as well as the payroll tax, which was designed to be revenue neutral for a number of years.
While it is unclear whether Republicans will actually be able to pass their legislation, there are some key differences between the House bill and the current Senate plan.
First, the House would use a process known as reconciliation, which allows Congress to pass legislation without having to worry about a filibuster.
This means it would be more difficult for Democrats to block a Republican measure in the House than in the current version of the bill.
The Senate also would be able set its own tax rate, and Republicans will be able use the Senate’s reconciliation rules to lower that rate, which could cause the tax bill to become unpopular with many voters.
Second, Republicans are also going to be able repeal some tax breaks that have existed in the ACA for many years.
The current ACA tax credits are the most popular, and would be removed under the House plan.
But the Senate bill would also extend the tax credit for the purchase of coverage by small businesses and individuals.
While some tax credits would remain, the Senate would also repeal the “Cadillac tax,” which is currently levied on the purchase and maintenance of higher-priced insurance plans.
The ACA tax credit is not currently set to expire until 2026, which would make the Senate tax plan likely to remain popular with Republicans.
The final Senate bill also would lower the tax rate for individuals and couples, and lower the rate for couples to 15 percent.
While the House proposal is likely to lose support in the Republican-controlled Senate, Republicans say they will try to get the bill through the GOP-controlled House and Senate.
Senate Majority Leader Chuck Schumer Charles (Chuck) Ellis SchumerTrump, GOP regain edge in Senate polls Schumer: Trump’s attacks on FBI chief ‘despicable’ Schumer: FBI’s investigation of Kavanaugh is a ‘political witch hunt’ Trump says FBI is not investigating Kavanaugh for refusing to testify MORE (D-N.Y.) said in a statement that he believes “it is possible for a simple, straightforward bill to pass with just the two Republican votes we need to do so.”
Democrats are not going to give up their majority in the lower chamber without a fight, however.
Democrats are hoping that they can pass the House’s bill by mid-January.
The Democratic plan includes a repeal of ObamaCare taxes, and an extension of the Bush-era tax cuts for individuals, families and businesses.
While Democrats say that their plan would not cost anyone any money, the Republican bill would add to the federal debt and would raise taxes for many Americans.
The House plan, on the other hand, would provide a tax break for many families and individuals, while keeping the top individual rate at a low rate.
The Democrats’ plan is expected have a bigger tax cut than the House, and is expected will include a tax cut for individuals.
The White House and Republicans say that Democrats will not get enough support for their bill.
“There is no path to passing the Republican tax bill without Democrats’ help,” White House Press Secretary Eric Schultz told reporters on Wednesday.
Democrats, however, have said that they are optimistic that they will be on the winning side in the coming weeks, as they are on the losing side of the House on a number issues.
On Wednesday, Senate Minority Leader Chuck Sanders Eric Matthew SandersHouse passes Trump tax bill after Democrats delay vote to avoid a filibuster: report Sanders: GOP tax bill will add $1.5 trillion to debt Sanders: House passes tax bill with bipartisan support for first time in nearly 20 years Sanders: Trump to announce plans to cut taxes on small businesses Sanders: Tax cuts will boost middle class by boosting wages, not income Sanders: President Trump ‘very happy’ with the House passage of tax billSanders also