Rand Paul to Include Repeal of Obamacare’s Individual Mandate in GOP Tax Bill
Kentucky Senator Rand Paul is looking to further cripple Obamacare by submitting an amendment to the Senate GOP tax bill that will eliminate the individual mandate, as well as introduce a property-tax deduction as seen in the House bill.
“Today I am announcing my intention to amend the Senate tax bill to repeal the individual mandate and provide bigger tax cuts for middle income taxpayers,” said Paul in a tweet. “The mandate repeal is a promise we all made and we should keep. It also allows an additional $300 billion+ in tax cuts.”
Paul said the Senate tax bill would increase taxes on some Americans due to the repeals of state and local tax deductions. According to The Hill, the House bill repeals the deductions for state and local income and sales taxes but keeps a deduction for property tax deductions up to $10,000.
Paul is not alone in wishing to get rid of the individual mandate. President Donald Trump has also expressed interest in trashing it, but as of now, no repeal of the mandate exists in the tax plan. According to The Hill, the issue remains “under discussion.”
The Senate Finance Committee is currently working on the bill, and hopes to advance it by next week. Majority Leader Mitch McConnell (R-Ky) is looking to have the bill on the Senate floor a week after Thanksgiving.