GOP health care bill has been pulled. There will be no vote.

cawacko said:
Why will they not be able to pass tax reform?
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Here Are The Reasons Why Today's Republican Debacle Makes Tax Reform Less Likely

Ignoring the fact that work on tax reform in earnest won't start for 6-8 weeks as House Ways and Means member Merchant said moments ago, and may not even take place until fiscal 2018 (after August), the reality is that since Obamacare and tax reform are both parts of the Reconciliation process, as a result of not freeing up hundreds of billions from the deficit that the CBO estimated repealing Obamacare would do, it means that Trump's tax cuts have been hobbled - by as much as $500 billion - before even starting.

Furthermore, with the Freedom Caucus flexing its muscle and openly defying Trump, another major headache for Trump's tax reform is that the Bordere Adjustment Tax - an aspect of the reform that the Caucus has been vocally against - is likely off the table. And since BAT was expected to generate over $1 trillion in government revenues, it means that a matched amount in tax cuts is also now off the table.

In summary, between Obamacare repeal and BAT being scrapped, roughly $1.5 trillion in budget "buffers" are wiped out.

... the defeat of the health bill indicates that complex and controversial tax reforms are likely to be difficult to pass and we note that the “Freedom Caucus” that opposed the health bill also opposes some of the most controversial aspects of the House Republican tax blueprint, like the border-adjusted tax (BAT). This suggests congressional Republicans might scale back their ambitions on tax reform, and pursue a simpler tax cut that includes selected reform elements (e.g. changes to the taxation of foreign profits of US multinationals and profit repatriation).
http://www.zerohedge.com/news/2017-03-24/why-todays-republican-debacle-makes-tax-reform-less-likely

This is why they stated with health care first.

Not saying they won't get something done, but it won't be easy.

Everything Trump does will be undone.
 
blackascoal said:
Here Are The Reasons Why Today's Republican Debacle Makes Tax Reform Less Likely

Ignoring the fact that work on tax reform in earnest won't start for 6-8 weeks as House Ways and Means member Merchant said moments ago, and may not even take place until fiscal 2018 (after August), the reality is that since Obamacare and tax reform are both parts of the Reconciliation process, as a result of not freeing up hundreds of billions from the deficit that the CBO estimated repealing Obamacare would do, it means that Trump's tax cuts have been hobbled - by as much as $500 billion - before even starting.

Furthermore, with the Freedom Caucus flexing its muscle and openly defying Trump, another major headache for Trump's tax reform is that the Bordere Adjustment Tax - an aspect of the reform that the Caucus has been vocally against - is likely off the table. And since BAT was expected to generate over $1 trillion in government revenues, it means that a matched amount in tax cuts is also now off the table.

In summary, between Obamacare repeal and BAT being scrapped, roughly $1.5 trillion in budget "buffers" are wiped out.

... the defeat of the health bill indicates that complex and controversial tax reforms are likely to be difficult to pass and we note that the “Freedom Caucus” that opposed the health bill also opposes some of the most controversial aspects of the House Republican tax blueprint, like the border-adjusted tax (BAT). This suggests congressional Republicans might scale back their ambitions on tax reform, and pursue a simpler tax cut that includes selected reform elements (e.g. changes to the taxation of foreign profits of US multinationals and profit repatriation).
http://www.zerohedge.com/news/2017-03-24/why-todays-republican-debacle-makes-tax-reform-less-likely

This is why they stated with health care first.

Not saying they won't get something

Everything Trump does will be undone. done, but it won't be easy.
Click to expand...

Border adjustment tax is crap. This article isn't saying that can't pass reform however. Just not some of Trump's b.s. Populist desires
 
blackascoal said:
Here Are The Reasons Why Today's Republican Debacle Makes Tax Reform Less Likely

Ignoring the fact that work on tax reform in earnest won't start for 6-8 weeks as House Ways and Means member Merchant said moments ago, and may not even take place until fiscal 2018 (after August), the reality is that since Obamacare and tax reform are both parts of the Reconciliation process, as a result of not freeing up hundreds of billions from the deficit that the CBO estimated repealing Obamacare would do, it means that Trump's tax cuts have been hobbled - by as much as $500 billion - before even starting.

Furthermore, with the Freedom Caucus flexing its muscle and openly defying Trump, another major headache for Trump's tax reform is that the Bordere Adjustment Tax - an aspect of the reform that the Caucus has been vocally against - is likely off the table. And since BAT was expected to generate over $1 trillion in government revenues, it means that a matched amount in tax cuts is also now off the table.

In summary, between Obamacare repeal and BAT being scrapped, roughly $1.5 trillion in budget "buffers" are wiped out.

... the defeat of the health bill indicates that complex and controversial tax reforms are likely to be difficult to pass and we note that the “Freedom Caucus” that opposed the health bill also opposes some of the most controversial aspects of the House Republican tax blueprint, like the border-adjusted tax (BAT). This suggests congressional Republicans might scale back their ambitions on tax reform, and pursue a simpler tax cut that includes selected reform elements (e.g. changes to the taxation of foreign profits of US multinationals and profit repatriation).
http://www.zerohedge.com/news/2017-03-24/why-todays-republican-debacle-makes-tax-reform-less-likely

This is why they stated with health care first.

Not saying they won't get something done, but it won't be easy.
Click to expand...

That is a pretty good synopsis of the issue bac.....Tax 'reform' relied pretty much on the repeal and BAT....whatever they come up, if anything,

with will be quite different than their previous plans....
 
Stretch said:
Even Dems realize it's failing. O-care was designed to begin failing in 2016. They knew this day was coming. They were just banking Shillary winning in '16 and forcing the single payer system by this point. Surprise!!!! LOL
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Shut the fuck up you stupid liar.
 
blackascoal said:
"The vast majority of marketplace enrollees have experienced no average premium hike at all." *
— Barack Obama on Thursday, March 23rd, 2017 in a statement on the 7th anniversary of the Affordable Care Act

tom-mostlytrue.png


"Reality continues to discredit the false claim that this law is in a ‘death spiral,’ because while it’s true that some premiums have risen, the vast majority of Marketplace enrollees have experienced no average premium hike at all," he wrote.

We decided to vet the assertion that on average, the vast majority of people who signed up on a federal or state marketplaces saw no premium hike at all.

Government numbers back that up, although the meaning of "vast majority" lies in the beholder. And it’s not as though premiums didn’t rise. They did, but most people purchasing health care through the marketplace didn’t feel it.

"Enrollments are largely holding steady," she said. "There is no death spiral."

http://www.politifact.com/truth-o-m...no-premium-hike-vast-majority-covered-govern/
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Poor anatta.
Grasp at straws much?
 
Sailor said:
From the article" The decision means that for now, at least, Obamacare will remain in place until Republicans can come up with some plan that can overcome deep intra-party divisions about how to kill it."

This is not over by a long shot and none of us have heard the end of it yet.
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Sorry Cap'n but the GOP can only lose here.
83% of Americans want Obamacare.
Ryan made a brilliant decision.

Lower you head and move on.
 
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