GOP Tax Compromise Would Repeal Obamacare’s Individual Mandate
- Tax package now heads to House, Senate for final passage
- Bill also makes medical expense deduction more generous
Trump Says 'Very, Very Close' to 'Historic' Tax Deal
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Republican lawmakers will overturn a key piece of the Affordable Care Act in their tax overhaul, a victory in a long GOP campaign against the health law.
Senate Majority Leader Mitch McConnell said the compromise tax bill from House and Senate negotiators will end the health law’s requirement that all individuals buy insurance or pay a fine. Doing so could jeopardize Obamacare’s already-shaky marketplaces, by reducing the number of healthier people who sign up for insurance.