The House GOP will proceed with its own version of a plan to end the U.S. government shutdown and lift the nation’s $16.7 trillion borrowing authority, but with Obamacare conditions attached.
Multiple news agencies are reporting Tuesday morning that the House Republicans’ proposal will delay the health insurance law’s medical device tax for two years, make changes to the insurance subsidies for members of Congress and put in place income verification for premium subsidies.
Attaching changes to Obamacare could be a "poison bill" that could delay the progress that’s been made on via the Senate's bipartisan plan, which is acceptable to President Barack Obama.
Senate leaders Harry Reid, D-Nev., and Mitch McConnell, R-Ky., were said to be close to a deal Tuesday that both sides, at least in the Senate, could swallow. Their deal would avert a potential U.S. default by extending the U.S. Treasury’s borrowing authority until early February. The Senate deal would also fund the government until mid-January, ending the current 15-day shutdown. Deatail of that plan are being finalized Tuesday.
A delay in the 2.3 percent medical device tax, a crucial component that would provide tens of billions in funds for the health-care law, was taken off the negotiation table in the Senate. Republicans instead received a small win: a form athat would ensue that those receiving Obamacare subsidies were eligible, based on income verification.
Laura is a U.S. politics reporter for the International Business Times. She was always fascinated by the BBC World News each morning on the radio in Jamaica. That, and a love...