Obamacare Taxes Aren't Necessarily Going Away: GOP Senators - Bloomberg

Obamacare Taxes May Not Go Away, GOP Senators Say... http://ift.tt/2m5AIVg Republican senators said it’s unclear whether their chamber will repeal all of the taxes imposed under Obamacare as they set aside the health-care bill passed by the House and prepare to write their own from scratch. “That’s hard to say right now. We just have to see,” said Senate Finance Chairman Orrin Hatch, the Utah Republican whose panel oversees health-care and tax policy. “It’s going to be negotiated.” The uncertainty comes despite what Hatch said on the floor of the Senate in February, when he called repealing the Obamacare taxes essential, labeling them “harmful to the economy.” Hatch and other GOP senators, including Budget Chairman Mike Enzi, are signaling they’re going to move slowly as they consider the case for and against repealing the health-care taxes. Some of the Republican senators say they’re wary of the loss of revenue that would result if the Obamacare taxes were eliminated, and how that could jeopardize the prospects of helping the uninsured obtain coverage. “I think we’ll take our time on that one,” said Senator Mike Rounds of South Dakota. Get the latest o
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