A tax cut, but for whom? Republican plans favor business.
The latest plot twist in Republican efforts to overhaul the US tax code amplifies what may be the most fundamental debate surrounding the legislation: Who is this really for?
Senate Republicans are moving to add a major new element to their bill: a repeal of Obamacare’s “individual mandate” – the requirement that people have health insurance or pay a tax penalty.
That is certain to please rank-and-file GOP voters who are frustrated by Congress’s failure to repeal the Affordable Care Act. But it’s raising the volume of criticism from Democrats, who are now attacking the bill not only for showering tax breaks on the wealthy but also for an expected decline in the number of Americans with health insurance.
And there’s more: The new version
Skewed toward the rich?'Get it done'The Obamacare twistYou’re reading a preview, subscribe to read more.
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