Current GOP Tax Plan

[GMDino]

Is this the plan they put on last thursday or the modified one they posted late Friday?

http://www.chicagotribune.com/news/nationworld/politics/ct-trump-gop-tax-bill-obamacare-20171103-story.html

Quote:House Republicans grappled Friday with the difficulty of turning their new tax plan into law, making a change that would make the proposal's tax cuts for individuals less generous and entertaining a controversial proposal from President Donald Trump to use the tax bill to repeal a central element of the Affordable Care Act.



Republicans changed the tax overhaul, which was announced Thursday, to cut $81 billion from the tax breaks it would provide to individual taxpayers. The move was made as lawmakers realized their initial effort would run up against the $1.5 trillion in total borrowing over a decade that Congress had authorized to finance the tax cut plan.


Party leaders also took a preliminary step to study Trump's proposal to include language in the tax bill that would scrap the Affordable Care Act's individual mandate, a change nonpartisan analysts say would save the government more than $400 billion over a decade but would also leave 15 million more Americans without health insurance.



Republicans released their proposed overhaul of the personal and corporate tax code on Thursday after months of negotiations, but Friday's last-minute changes showed how challenging it would be to finalize the law by year's end.

The decision to reduce benefits for individual taxpayers threatens to reinforce perceptions the bill is tilted toward helping the wealthy and corporation at the expense of middle-class Americans.


Republicans plan to save the $81 billion over a decade by changing the way the bill measures inflation, a shift that would move taxpayers into higher-tax brackets more quickly and probably hit middle-class taxpayers harder than the very wealthy.

Undermining the Affordable Care Act through a tax overhaul, meanwhile, would probably draw the same type of opposition that earlier efforts did in the Senate, dooming several such attempts to repeal what some call Obamacare earlier this year. Many in Congress say such an effort would destroy Republicans' chance of passing major legislation this year.