(Bloomberg)—House Republicans are edging closer to accepting President Donald Trump’s suggestion to combine their tax legislation with a repeal of the Affordable Care Act’s mandate that requires all individuals purchase health insurance, according to a person who’s helping to draft the tax bill.
It’s a risky strategy that would give tax writers on the House Ways and Means Committee an estimated $416 billion in savings on federal spending that are sorely needed to offset the deep tax rate cuts they want. But it risks alienating GOP senators, who voted down a measure that would have repealed the mandate this past summer.
