Marcy Gordon

GOP begins advancing tax bill with insurance mandate repeal

WASHINGTON (AP) — Republicans began pushing a broad tax cut for businesses and many individuals through the Senate Finance Committee on Nov. 15, a measure complicated by a late addition — repeal of the Affordable Care Act requirement that Americans get insurance coverage.

Erasing the Affordable Care Act’s individual mandate provided Republicans with more money that they used to make some tax breaks for people modestly more generous. But it raised questions about whether it might prompt some moderate GOP senators to back away from the measure.

Tax reform takes aim at deductions

WASHINGTON (AP) — President Donald Trump and congressional Republicans have pledged to overhaul the nation’s complex tax code. To slash taxes, they say they’ll curb a web of expensive deductions and credits to allow more revenue to flow to the government.

Problem is, they’re likely to run into a wall of resistance from people and groups drawn together by a singular warning: Don’t touch my deduction.

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