The tax bill that looks like it’s about to become law would strike a blow to a fundamental part …

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barack obama
Former President Barack
Obama

Steve Helber/AP
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  • The House on Tuesday passed the Republican tax bill in
    a 227-203 vote. 
  • If passed into law, the bill would make significant
    changes to the Affordable Care Act.
  • The Senate is expected to vote on the bill on
    Tuesday. 

 

The GOP is on the brink of passing its massive tax reform
bill. 

On Tuesday, the House voted in favor of the bill, sending it to
the Senate, which is expected to vote on the bill later in the
day. If it passes — and after the House
revotes on the bill on Wednesday
— Trump could sign the bill
as soon as Wednesday. 

The bill would cut the corporate tax rate to 21% from 35% and

overhaul the way individuals pay for taxes
. If passed into
law, it would also make significant changes to the Affordable
Care Act, a bill the GOP unsuccessfully tried to
repeal earlier this year

Ending the individual mandate

The bill would repeal the individual mandate, the provision in
the ACA that requires individuals to have health insurance or
face a penalty fee.

Without the individual mandate, healthy people may opt out of
getting insurance, and the number of uninsured Americans
would increase by 13 million
, according to the Congressional
Budget Office.

Initially, the tax bill included a provision that
would repeal
an itemized deduction of healthcare expenses
. Cutting
that deduction would hit people with high medical costs hard.
That was later taken out during a Senate vote on an
earlier version of the bill

Republican Sen. Susan Collins of Maine had voted against
all versions of the ACA repeal bill over the summer, but
ultimately is expected to vote in favor of the tax
bill. Collins, who was concerned the individual mandate
repeal would increase premiums, said she got Senate Majority
Leader Mitch McConnell to support
two pieces of legislation
that would stabilize the
ACA. 

“While this legislation is by no means perfect, on balance,
it will provide much-needed tax relief,” Collins said in a
statement Monday. 

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