Federal Government Policy and Business

GOP tax plan in trouble after Republican senator says he won't back it

The Washington Post: The Republican effort to overhaul the tax code suffered serious setbacks Wednesday after a conservative senator unexpectedly said he opposed the Senate plan and a GOP moderate raised major concerns about it. The announcements cast doubt whether Republicans would be able to quickly pass what would be their first significant legislative achievement under President Trump.

Sen. Ron Johnson (R-Wis.) said he opposed both the Senate and House versions of the tax legislation because they benefited corporations at the expense of other, typically smaller companies. Earlier in the day, Sen. Susan Collins (R-Maine) said Republicans had erred when they changed their tax bill this week to include a repeal of the Affordable Care Act’s individual mandate, which requires every American to have health insurance or pay a fine.

Read article