Debt Limit Debate to Emerge This Fall

Congress likely has until sometime this fall to increase the debt ceiling to permit the government to fully pay its obligations, according to a report released this week by the nonpartisan Congressional Budget Office (CBO). The debt ceiling refers to the maximum amount of debt that the Treasury Department can issue in order to finance… Read more »

GOP Attempts to Sell Health Care Bill to Skeptics

House leaders are pressing ahead with their plan to repeal and replace the Affordable Care Act, despite mounting opposition from conservatives within their own party, Democrats and a number of prominent health-care industry groups. House leaders released their replacement bill March 6, and the House Ways and Means Committee voted 23-16 early this morning to… Read more »

GOP Remains Split on Tax Credits in ACA Replacement

Congressional Republicans are still divided in their support for refundable tax credits in the House plan to replace the Affordable Care Act. The refundable tax credit for individuals to purchase insurance was a key piece of a draft ACA repeal bill leaked last week. House conservatives pushed back strongly against the tax credit which they… Read more »

Mnuchin Aims for Tax Reform by August Recess

Administration officials offered assurances this week that the White House will deliver specific prescriptions for tax reform before the summer. While President Trump has yet to fully endorse congressional Republicans’ blueprint for overhauling the tax code, Vice President Pence said this week that the White House will deliver on tax reform after an agreement is… Read more »

House Leaders Present Menu of ACA Repeal Options

House Republican leaders earlier today presented rank-and-file members with their vision of a “repeal plus” bill that would get rid of most of the Affordable Care Act and include some replacement provisions that can go into effect concurrently. Reportedly, Speaker Paul Ryan (R-WI), Energy and Commerce Committee Chairman Greg Walden (R-OR) and Ways and Means… Read more »