Kentucky Senator Rand Paul is looking to further cripple Obamacare by submitting an amendment to the Senate GOP tax bill that will eliminate the individual mandate, as well as introduce a property-tax deduction as seen 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,” said Paul in a tweet. “The mandate repeal is a promise we all made and we should keep. It also allows an additional $300 billion+ in tax cuts.”
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.
The mandate repeal is a promise we all made and we should keep. It also allows an additional $300 billion+ in tax cuts.
— Senator Rand Paul (@RandPaul) November 14, 2017
Paul said the Senate tax bill would increase taxes on some Americans due to the repeals of state and local tax deductions. According to The Hill, 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.
I will introduce a similar deduction as the House plan, making the tax reform plan more fair for everyone.
— Senator Rand Paul (@RandPaul) November 14, 2017
This will help ensure House acceptance of the Senate plan as leaders there have stated they will not accept a plan with no state and local deductibility. Repeal the mandate fix problems with Senate bill through more tax cuts for all and help ensure House and Senate plans agree.
— Senator Rand Paul (@RandPaul) November 14, 2017
Paul is not alone in wishing to get rid of the individual mandate. President Donald Trump has also expressed interest in trashing it, but as of now, no repeal of the mandate exists in the tax plan. According to The Hill, the issue remains “under discussion.”
The Senate Finance Committee is currently working on the bill, and hopes to advance it by next week. Majority Leader Mitch McConnell (R-Ky) is looking to have the bill on the Senate floor a week after Thanksgiving.
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