It will cost $500 billion over 10 years to repeal the three so-called “Obamacare” taxes.
Retired coal miners and longtime opponents of Obama-era taxes on high-cost health plans are eyeing big wins as top congressional leaders and the Trump White House close in on a deal on a government-wide spending bill that’s also carrying lots of overdue Washington business.The legislation would forestall a government shutdown this weekend and give President Donald Trump steady funding for his U.S.-Mexico border fence. The year-end package is anchored by a $1.
The late-stage negotiations involved House Speaker Nancy Pelosi, D-Calif., Treasury Secretary Steven Mnuchin, and other top leaders on Capitol Hill. The package is expected to be unveiled at midday Monday for a House vote on Tuesday and the Senate is expected to vote by Thursday or Friday. The developments were described by Democratic and GOP aides who asked for anonymity because the measure was not yet public.
The increase in the tobacco purchasing age to 21 does not appear to address broader issues of regulating so-called vaping products, but details of the measure are likely to be released early Monday afternoon, aides said. Labor won repeal of the so-called Cadillac tax, a 40% tax on high-cost employer health plans, which was originally intended to curb rapidly growing health care spending. But it disproportionately affected high-end plans won under union contracts, and Democratic labor allies had previously succeeded in temporary repeals.
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