Senate Defers Action on Revised BCRA

Senate GOP leaders have deferred action on their revised health care bill, the Better Care Reconciliation Act (BCRA) (TAXDAY, 2017/07/14, C.1). At press time, the Congressional Budget Office (CBO) had not released an analysis of the bill. The revised BCRA would keep the net investment income (NII) tax and the additional Medicare tax in place.

On July 15, Senate Majority Leader Mitch McConnell, R-Ky., indicated that the Senate would defer consideration of the BCRA while Sen. John McCain, R-Ariz., is recovering from surgery. In a post on social media, McConnell said that the Senate would continue to work on other legislative items and nominations during this time.

The CBO was expected to release a score for the revised BCRA early during the week of July 17. However, Hill staffers have indicated that the CBO’s analysis apparently may not come until later because of the Senate’s decision to defer action on the bill.
By George L. Yaksick, Jr., Wolters Kluwer News Staff



All stories by: CCHTaxGroup

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