Revised Senate Bill Repealing and Replacing ACA Released: Special Tax Briefing Now Available

The Senate GOP, on July 13, released a revised version of a bill to repeal and replace the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148). The bill is similar in scope to the American Health Care Act (HR 1638) passed by the House on May 4, but does contain some changes to the tax provisions. The Senate version repeals many of the taxes associated with the ACA, as well as the employer and individual mandates, but retains, with changes, the premium tax credit. Notably, the revised version of the Senate bill retains both the net investment income tax and the 0.9-percent additional Medicare tax. Additionally, amendments to the revised Senate bill have been proposed by Sens. Ted Cruz, R-Tex., and Lindsey Graham, R-S.C.
For a complete analysis of the provisions of the revised Senate bill, with comparisons to the bill passed by the House and the original Senate proposal, as well as proposed amendments to the revised bill, see the CCH Tax Briefing at: https://www.cchgroup.com/media/wk/taa/pdfs/news-and-insights/federal-tax-legislation/aca-repeal-and-replacement.pdf

AUTHOR

CCHTaxGroup

All stories by: CCHTaxGroup

Leave a Reply

Your email address will not be published.