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The range of objections lodged by the dissident senators underscored the warring viewpoints within his own party that Mc Connell had to try patching over.
Mc Connell's failed bill would have left 22 million uninsured by 2026, according to the nonpartisan Congressional Budget Office, a number that many Republicans found unpalatable.Kevin Brady, the House Ways and Means Committee chairman."After years of work, we are moving forward with a unified framework that paves the way for bold, transformational tax reform — tax reform that will bring more jobs, fairer taxes, and bigger paychecks," Brady said in a statement. But this moment marks a major step forward in the process." Key elements are still missing from the plan to avoid early pressure from industry groups and lobbyists.But the vetoed 2015 measure would be even worse, the budget office said last January, producing 32 million additional uninsured people by 2026 - figures that seemed likely to drive a stake into that bill's prospects for passing Congress.That would seem to leave Mc Connell with an option he described last month - negotiating with Senate Minority Leader Chuck Schumer, D-N. That would likely be on a narrower package aimed more at keeping insurers in difficult marketplaces they're either abandoning or imposing rapidly growing premiums."With significant and meaningful tax reform and relief, we will create a fairer system that levels the playing field and extends economic opportunities to American workers, small businesses, and middle-income families." While Republican leaders and the White House want to complete the overhaul by the end of the year, Wall Street and political analysts think it's likelier that a bill could pass by early 2018.
The Big Six has been meeting over the past few months to hash out the details of the tax plan.
That despite a determination by Trump, Mc Connell and House Speaker Paul Ryan, R-Wis., to demonstrate that a GOP running the White House and Now, Mc Connell said, the Senate would vote on a measure the GOP-run Congress approved in 2015, only to be vetoed by Obama - a bill repealing much of Obama's statute, with a two-year delay designed to give lawmakers time to enact a replacement.
Trump embraced that idea last month after an initial version of Mc Connell's bill collapsed due under Republican divisions, and did so again late Monday. But the prospects for approving a clean repeal bill followed by work on replacement legislation, even with Trump ready to sign it, seemed shaky.
It rolled back many of the statute's requirements for the policies insurers can sell and eliminated many tax increases that raised money for Obama's expansion to 20 million more people, though it retained the law's tax boosts on high earners.
Besides Lee and Moran, two other GOP senators had previously declared their opposition to Mc Connell's bill: moderate Maine Sen.
The group is Gary Cohn, the National Economic Council director; Steven Mnuchin, the Treasury secretary; Mitch Mc Connell, the Senate majority leader; Sen.