Republican U.S. tax bill deals biggest blow yet to Obamacare

Republican U.S. tax bill deals biggest blow yet to ObamacareBy Yasmeen Abutaleb WASHINGTON (Reuters) – Republicans delivered their biggest blow yet to Obamacare in their tax overhaul that won final congressional approval on Wednesday, and delayed until 2018 consideration of legislation that could help mitigate some of the damage to the 2010 law. The $ 1.5 trillion tax bill, the biggest overhaul of the U.S. tax code in three decades that now awaits Republican President Donald Trump’s signature, includes a provision that removes a penalty imposed under Obamacare for Americans who do not obtain health insurance, a central tenet of the healthcare law. Republicans have opposed the law formally known as the Affordable Care Act, the signature domestic policy achievement of Trump’s Democratic predecessor Barack Obama, since its inception.



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