President Wants to Add Attack on ACA in Tax Reduction Plan

Now Republicans Asked by President to Add Attack on ACA in Tax Reduction Plan

President Trump wants to undo the ACA’s individual mandate as part of the tax overhaul bill despite opposition by party leaders like House Ways and Means Committee Chairman Kevin Brady, R-Texas. “If Republicans were to pass legislation that both made sweeping tax changes and undermined the ACA, it would accomplish two of Trump’s top legislative priorities – and in one stroke reverse Republicans’ legislative fortunes after a string of legislative setbacks…..

But adding the controversial health care change would further complicate the tax effort. Republicans hold majorities in the House and Senate, but internal party divides make finding enough votes for tax reform a challenge, and the party already tried multiple times to repeal the ACA but was unable to find the votes.”

The initial draft of the Tax Cuts and Jobs Act released on Thursday did not include this presidential request. Source: Trump pushes for ACA mandate repeal in tax bill By Mike DeBonis.  Washington Post, Nov. 3, 2017 at http://www.mercurynews.com/2017/11/03/trump-pushes-for-aca-mandate-repeal-in-tax-bill/

Bill presented on Thursday cuts deductions for medical expenses. Currently, taxpayers can deduct medical expenses that are 10 percent or more of income. See how tax plan might effect you in article below. Trump’s Tax Plan and How It Would Affect You; House Ways and Means Committee Releases Tax Plan, First Step of Many,” by Kimberly AmadeoNov. 4, 2017 at https://www.thebalance.com/trump-s-tax-plan-how-it-affects-you-4113968

Bay Area Life Science Events Week of Nov. 5, 2017

• Bio2Device Group, Tuesday Morning, Nov. 7, Speaker: Atta Pilram, President, President, Care Anytime
• Rosenman Institute Partnering Day, Wednesday, November 8, 2017, Event: Meet one-on-one with Nipro Corp., a leading Japanese medtech company
• Rosenman, Thursday, Nov. 9, 2017, Event: “Rosenman D-Series: A Conversation with Matt Likens,” Speaker: Matthew Likens, President and CEO of GT Medical Technologies

You can download the details for the upcoming events this week and those through April 2018 with Audreys Picks Nov.5, 2017. You can also download last week’s new Jobs That Crossed My Desk Through Oct. 29, 2017.

Audrey

 

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