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Archive for July 13th, 2017

It is no secret that Senate Republicans are at odds with respect to the repeal of the Affordable Care Act (“ACA”). The American Health Care Act (“AHCA”), was passed on May 4, 2017. The Senate Republican version of the AHCA, The Better Care Reconciliation Act (“BCRA”), was released in late June. The vote on the BCRA was originally set to take place the week of June 26th but was postponed to allow conservative and moderate Republicans time to resolve differences.

One major point of contention is the proposed three-year phase-out of Medicaid expansion. There are certain Republicans that would like to extend the transition beyond three years.

In addition, one Senate Republican aide confirmed that the 3.8% net investment income tax and the .9% additional Medicare surtax will not be repealed in the current version of the bill in which the Senate Republicans are working on.

There are a lot of moving parts to this as we have seen since the new Administration took over. Republican supporters of the ACA repeal bill are hoping to have a final version of the bill by tomorrow and hold a vote next week.

For additional details about the American Health Care Act progress and status, read American Health Care Act Pulled From the Floor, Amendment to the American Health Care Act, and MacArthur Amendment to the American Health Care Act Introduced.

To learn more, visit Withum.com

Authored by Tony Panico, Withum Partner

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What a rip-off. This was supposed to be my fifteen minutes. The summer of 2017 was when the discussion surrounding tax reform was going to dominate the airwaves, newswires and internet, with every TV station, publication and web site coming to me for my opinion on the pros and cons of potential changes. And I was going to shine.

But none of that materialized. Instead, tax reform has been largely forgotten, as the legislative progress has been stopped in its tracks by the never-ending, irreconcilable argument over Obamacare and, more recently, some potential light treason.

But yesterday, the veritable eggheads at the Tax Policy Center snapped me out of my summer doldrums and brought tax policy back to the forefront of the social consciousness by publishing its analysis of President Trump’s most recent tax plan. And it’s nothing if not revealing.

Continue reading on Forbes.com

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

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