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In Major Victory For Trump, Senate Passes “Sweeping” Tax Bill Which Nobody Read: Here’s What’s In It

Shortly before 2am on Saturday, the Senate passed “the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans” handing Republicans a badly needed legislative and political victory. Senators voted across party lines in a 51-49 vote, ending days of debate […]


In Critical Test Of Tax Reform Bill, Senate Narrowly Approves Motion To Start Debate With 52-48 Vote

Update (5:55PM EST): After a full day of debating the GOP tax reform bill, the Senate has now approved a motion to…drum roll please…debate the GOP tax reform bill.  As we detailed below, this was the first big test for the GOP’s tax bill before the entire Senate and it narrowly passed with a vote […]


McConnell: Senate Tax Bill Will Strip Obamacare Mandate

In what is emerging as the latest potential stumbling block for the passage of GOP tax reform, on Tuesday afternoon Senate Majority leader announced that the Senate tax bill will include language to repeal ObamaCare’s individual mandate, a move which could make passage prolematic as it could withdraw support from moderate Republicans. According to The […]


McConnell Reveals Senate Tax Bill Will Strip Obamacare Mandate

In what is emerging as the latest potential stumbling block for the passage of GOP tax reform, on Tuesday afternoon Senate Majority leader announced that the Senate tax bill will include language to repeal ObamaCare’s individual mandate, a move which could make passage prolematic as it could withdraw support from moderate Republicans. According to The […]


Senate Begins “Marking Up” Tax Reform Plan As Post-Thanksgiving Vote Looms

The House is expected to vote on and, hopefully, pass its tax reform package on Thursday, but the Senate’s plan still hasn’t made it out of committee. Luckily for the Trump administration – which badly needs this legislative victory to stave off a donor mutiny –  this could soon change: To wit, the Finance Committee […]


Here’s The Latest On The GOP Tax Bill As The Senate Starts Debate

Much like the Obamacare repeal and replace effort earlier this year, the past couple of weeks have been an invariable roller coaster ride for GOP representatives as Congressional leaders have tried to form some level of consensus within a fractured party with competing interests.   This week will undoubtedly be no different. In light of […]


Goldman Still Sees 65% Chance Of Tax Reform Passing; Expects Senate To Make These Changes…

After a wave of GOP defections in recent days and waffling on timing, Goldman’s economics team apparently still sees a 65% chance of a tax reform bill being enacted by “early 2018,” but warns that the final bill may look nothing like the one recently proposed by the House. As we pointed out yesterday (see: […]


Repealing Obamacare’s Individual Mandate Would Save $338 Billion

With Republicans scrambling to find every possible dollar to pay for Trump’s “massive” tax reform package, on Wednesday morning a new analysis by the CBO calculated that repealing ObamaCare’s individual mandate – an idea that had been floated previously by Trump – would save $338 billion over 10 years. CBO previously estimated repeal would save […]


“Dead-On-Arrival”-er? Cruz Says He’s A ‘No’ On Tax Reform

Remember when we declared the Trump tax reform effort officially "dead on arrival" yesterday after Senator John McCain affirmed that he would vote against anything that resembles the House bill in its current form? McCain’s opposition, by our count, brought the number of ‘no’ votes to three: Aside from McCain, Maine Senator Susan Collins said […]


John McCain Confirms: Tax Reform Is “DOA In The Senate”

It’s official: The Republican tax reform bill is dead on arrival in the Senate now that John McCain has become the third Republican senator to confirm that he plans to vote against it. What’s worse for the Trump administration, McCain reportedly wants the bill to receive input from both parties – a criticism that he […]


Trump Drafting Executive Order To Kill Obamacare’s Individual Mandate, Report

After having previously cut so-called “cost reduction subsidies” (see: Trump To Scrap Crucial Obamacare Insurer Subsidy) and the marketing budget for Obamacare, Trump is now reportedly ready to also repeal the legislation’s controversial “individual mandate” which taxes people who choose to forego health insurance. According to the Washington Examiner an executive order has already been […]


Here’s How Much Your Obamacare Rates Are Going Up In 2018 (Hint: It’s A Lot And It’s All Trump’s Fault)

A new study conducted by Avalere and released earlier today found that Obamacare rates will surge an average of 34% across the country in 2018.  Of course, this is in addition to the 113% average premium increase from 2013 and 2017, which brings the total 5-year increase to a staggering 185%. Meanwhile, and to our […]


Trump To Scrap Crucial Obamacare Insurer Subsidy

Just hours after signing an executive order that implicitly begins unwinding ObamaCare, Politco reports, citing two people familiar with the matter, that President Trump plans to cut off critical subsidy payments to insurers selling Obamacare coverage. Earlier today, Trump signed an executive order expanding access to more loosely regulated insurance options with low premiums, a move that […]


Trump Tax Plan On Verge Of Disaster Amid Corker Feud, Paul Rejection

Now that President Trump’s simmering feud with Tennessee Senator Bob Corker has exploded into the open, it appears that Republicans’ odds of passing tax reform before the White House’s self-imposed year-end deadline are growing slimmer by the day, and according to Cowen analyst Chris Krueger, "tax reform is dead, full stop." And with the administration […]


Trump Trounces “Hypocrite” McCain, Thinks Rand Paul “May Find A Way” To Save Obamacare Repeal Bill

In a surprising demonstration of wit, President Donald Trump told a crowd of rowdy Alabamians Friday night that it would be amusingly “ironic” if Kentucky Senator Rand Paul offered to vote for the Republicans’ floundering Graham-Cassidy health-care bill after John McCain blindsided the administration by withdrawing his support On Friday. The two senators, Trump explained, […]