New GOP health bill likely keeping Obama tax boosts on rich – Chicago Tribune
A revised Senate Republican health care bill will likely retain a pair of tax boosts President Barack Obama imposed on wealthier Americans that have helped finance his law's expansion of coverage, a leading Senate Republican said Tuesday.
The two levies one on investment income and another on the payroll tax that helps finance the Medicare health insurance program for the elderly are among the biggest that Obama's 2010 statute imposed. Some of the money would be used to increase a fund the GOP bill would disperse to states to help insurers contain consumers' premiums and deductibles, said No. 2 Senate GOP leader John Cornyn of Texas.
Preserving those taxes "seems to be where we're headed," Cornyn told reporters. He said the reworked bill will also provide $45 billion over a decade to help states combat abuse of drugs including opioids, and make it easier for states to get federal waivers to decide how to spend money under their Medicaid health programs for the poor, elderly and nursing home patients.
Cornyn spoke after Senate Majority Leader Mitch McConnell, R-Ky., announced he will introduce his party's altered health care bill Thursday and begin trying to muscle it through the Senate next week. The effort comes with the fate of the GOP measure in doubt, with internal divisions threatening to mortally wound their top-tier goal of repealing much of Obama's overhaul.
"Hopefully everything we're doing now helps another member get to 'yes,'" Cornyn said. "There's really no other reason to tweak this thing."
In the face of unanimous Democratic opposition, the health care bill will crash if just three of the 52 GOP senators oppose it. McConnell suddenly canceled a doomed vote last month on an initial version of the legislation, and at least a dozen Republicans have said they oppose the initial package or distanced themselves from it.
Since his June retreat, McConnell has been reshaping the measure in hopes of winning GOP votes. Even so, no GOP leaders were yet predicting passage.
McConnell also said he will delay the chamber's August recess for two weeks, a rare move he said would give lawmakers time to break logjams on health care, defense and executive branch nominations. Growing numbers of Republicans, chagrined at Congress' failure to send any major bills to President Donald Trump, had called on McConnell to make that move.
The GOP bill would ease coverage requirements Obama's 2010 statute placed on insurers, like paying for maternity services; erase his tax penalties on people who don't buy policies and cut Medicaid. The measure will also eliminate most of Obama's tax increases, including boosts on insurers, pharmaceutical manufacturers and medical device makers.
Obama's law has added around 20 million to the ranks of the country's people with health insurance. An analysis of McConnell's initial bill by the nonpartisan Congressional Budget Office projected it would increase the number of people without coverage by 22 million by 2026.
Kelsey Snell, Sean Sullivan and Juliet Eilperin
The updated legislation is also expected to ease some of its earlier Medicaid cuts, a move aimed at assuaging GOP senators from states that expanded the program by millions of people under Obama's law.
According to Cornyn, the refashioned GOP measure will probably keep Obama's 3.8 percent tax boost on investment income for couples earning over $250,000 annually. It would also retain a payroll tax increase of 0.9 percent on the same earners that helps finance Medicare.
Together, retaining the two levies would produce $231 billion over the next 10 years, according to Congress' nonpartisan Joint Committee on Taxation.
Republicans generally oppose tax boosts, and it was unclear whether preserving those tax increases would threaten support by any conservatives for the health bill. But Cornyn said some of the money perhaps around $50 billion would be used to buttress around $100 billion already in the measure for states to help insurers hold down insurance costs, and he said the move might help defend against Democratic attacks that the GOP package will help the rich and hurt the poor.
"We're trying to take at least one sharp stick off the table," Cornyn said. "I don't think it will change the narrative."
A study released Tuesday by two bipartisan groups estimated that the country's poorest families would lose more than $2,500 in average annual health care benefits once the GOP legislation was fully phased in. Families making more than $1 million a year would get tax cuts averaging about $50,000, according to the analysis by the Health Policy Center and the Tax Policy Center.
Still at issue is a plan by conservatives led by Sen. Ted Cruz, R-Texas, to let insurers sell low-price policies with bare-bones coverage if the company also sells a policy covering a list of services like maternity care that Obama's law mandates.
It's received pushback from GOP moderates warning it would inflate premiums for sicker people buying generous plans because younger, healthier customers would flock to skimpier policies. To ease the price boosts people with serious illnesses might face, some Republicans said changes were being discussed that would link the premiums insurers would charge for both types of coverage.
Associated Press reporters Erica Werner, Andrew Taylor and Ricardo Alonso-Zaldivar contributed to this report.
Continued here:
New GOP health bill likely keeping Obama tax boosts on rich - Chicago Tribune
- Tulsi Gabbard calls for Obama to be prosecuted over 2016 election claims - The Guardian - July 20th, 2025 [July 20th, 2025]
- Gabbard Claims Obama Administration Tried to Undermine Trump in 2016 - The New York Times - July 20th, 2025 [July 20th, 2025]
- Gabbard Dangles More Obama Claims as MAGA Rages Over Epstein - The Daily Beast - July 20th, 2025 [July 20th, 2025]
- Tulsi Gabbard openly accuses Obama of longstanding effort to overthrow Trump in coup - The Independent - July 20th, 2025 [July 20th, 2025]
- Obama admin aimed to usurp Trump: DNI Tulsi Gabbard reopens 2016 election probe; vows to hand over all - Times of India - July 20th, 2025 [July 20th, 2025]
- 'Obama can't be jailed as that might cause civil unrest': Major outrage Tulsi Gabbard's claim amid Epstei - Times of India - July 20th, 2025 [July 20th, 2025]
- Barack Obama Urges Young Men To Befriend Gay People Who Can Help Teach Them 'Empathy And Kindness' - Yahoo Home - July 20th, 2025 [July 20th, 2025]
- 2016 election probe: Donald Trump backs Tulsi Gabbard; slams Barack Obama and 'thugs' - Times of India - July 20th, 2025 [July 20th, 2025]
- Obama should be out there more countering Trump in 'moment of crisis,' MSNBC panelist says - Fox News - July 20th, 2025 [July 20th, 2025]
- Gabbard claims Obama officials manufactured intelligence of 2016 Russian election interference - The Hill - July 20th, 2025 [July 20th, 2025]
- Barack Obama Says Young Boys Need Gay Men In Their Lives and Black Men Are on Fire About It - The Root - July 20th, 2025 [July 20th, 2025]
- Opinion | Trump is deporting fewer people than Obama. Hes just louder and meaner. - The Washington Post - July 20th, 2025 [July 20th, 2025]
- Barack Obama explains why he thinks all men need queer people in their lives - Out Magazine - July 20th, 2025 [July 20th, 2025]
- GOP lawmaker says 'new information' led to DNI Gabbard's bombshell claim against Obama admin - Fox News - July 20th, 2025 [July 20th, 2025]
- Congressman says Obama needs to answer for this after documents seemingly show Obama admin manufactured Trump-Russia hoax - Yahoo Home - July 20th, 2025 [July 20th, 2025]
- Trump Backs Gabbards Call To Prosecute Obama; Slams Thugs For Alleged Election Fraud - Times Now - July 20th, 2025 [July 20th, 2025]
- Michelle and Barack Obama get candid as they address divorce rumors and more - Times of India - July 20th, 2025 [July 20th, 2025]
- We have evidence to prosecute Obama for 2016 election narrative, Gabbard says - Washington Examiner - July 20th, 2025 [July 20th, 2025]
- Barack Obama-Michelle finally address divorce rumours: 'There hasnt been one moment in our marriage...' - The Economic Times - July 20th, 2025 [July 20th, 2025]
- Top Dem Deflates Gabbards Obama Coup Claims in Two Words - The Daily Beast - July 20th, 2025 [July 20th, 2025]
- Tulsi Gabbard calls for Barack Obama to be prosecuted over 2016 election claims: Treasonous conspiracy' - Mint - July 20th, 2025 [July 20th, 2025]
- Like Mark Cuban and Barack Obama, this founder says worklife balance doesnt exist for the successful: Even if I am on vacation, you're on 24 hours a... - July 20th, 2025 [July 20th, 2025]
- Ex-Obama staffer breaks into laughter over Trumps latest theory: Its so f---ing stupid! - NJ.com - July 20th, 2025 [July 20th, 2025]
- Obama should be out there more countering Trump in 'moment of crisis,' MSNBC panelist says - FOX 8 TV - July 20th, 2025 [July 20th, 2025]
- Barack Obama tells Democrats to toughen up as they look at the future - Yahoo Home - July 20th, 2025 [July 20th, 2025]
- Cuban-Americans reflect on 10 years since Obama thaw, current chill with Cuba - Spectrum News - July 20th, 2025 [July 20th, 2025]
- Where Is Obama? Im Out Here! He Told Me. Watch the Interview. - Mother Jones - July 18th, 2025 [July 18th, 2025]
- Obama Continues to Lecture His Fellow Democrats Instead of Battling the Trump Agenda - Esquire - July 18th, 2025 [July 18th, 2025]
- Barack and Michelle Obama address divorce rumors - WUSA9 - July 18th, 2025 [July 18th, 2025]
- George W. Bush Was 'Kind of Mad' at Daughter for Asking Him About Obama Divorce Rumors: 'I Know Them and It Isn't True' - People.com - July 18th, 2025 [July 18th, 2025]
- 'She took me back': Barack, Michelle Obama address and joke about divorce rumors - ABC News - Breaking News, Latest News and Videos - July 18th, 2025 [July 18th, 2025]
- Michelle and Barack Obama Reveal Whos the Grumpiest, the Messiest and the Most Romantic - MSN - July 18th, 2025 [July 18th, 2025]
- Barack Obama gets candid about why he would have had difficulty raising a son - TheGrio - July 18th, 2025 [July 18th, 2025]
- Jesse Watters: Boring Barack Obama is trying to save the Democratic Partys appeal to male voters - Fox News - July 18th, 2025 [July 18th, 2025]
- Barack Obama's first statement on divorce rumors: 'She took me back!' - Times of India - July 18th, 2025 [July 18th, 2025]
- Barack, Michelle Obama laugh off divorce rumors: See their relationship through the years - USA Today - July 18th, 2025 [July 18th, 2025]
- Barack Obama Believes It Wouldve Been Difficult To Raise A Son - VIBE.com - July 18th, 2025 [July 18th, 2025]
- F*ggot: Antonio Brown sparks outrage with homophobic slur aimed at Barack Obama over inclusive friendsh - Times of India - July 18th, 2025 [July 18th, 2025]
- Barack Obama reveals why having sons wouldve terrified him - rollingout.com - July 18th, 2025 [July 18th, 2025]
- Are Barack & Michelle Obama Getting Divorced? They Finally Address the Rumors - Swooon - July 18th, 2025 [July 18th, 2025]
- Former President George W. Bush Was Really 'Mad' His Daughter Asked Him About The Obama Divorce Rumors - The Blast - July 18th, 2025 [July 18th, 2025]
- Trump dodges question on if hes in Epstein files and claims Obama and James Comey made them up - The Independent - July 16th, 2025 [July 16th, 2025]
- Obama bros confronted on Democratic Party's intolerance problem, history of excluding people - Fox News - July 16th, 2025 [July 16th, 2025]
- Obama's call to action for Democrats: 'Toughen up' and 'less whining' - MSNBC News - July 16th, 2025 [July 16th, 2025]
- Obama slams Big Law attorneys who won't fight Trump because they want to 'finish that kitchen rehab' at their Hamptons homes - Business Insider - July 16th, 2025 [July 16th, 2025]
- Trump says Obama and Biden made up the Epstein files - The Times - July 16th, 2025 [July 16th, 2025]
- Obama Delivers Tough Talk to Dems on How to Defeat Trump - The Daily Beast - July 16th, 2025 [July 16th, 2025]
- In defence of Step Brothers: the platonic ideal of Obama-era comedy - The Guardian - July 16th, 2025 [July 16th, 2025]
- Barack and Michelle Obama address divorce rumors in playful podcast moment: Touch and go for a while - Page Six - July 16th, 2025 [July 16th, 2025]
- Trump denies being cited in Epstein documents, calls files fabricated by Comey and Obama - WCIV - July 16th, 2025 [July 16th, 2025]
- Barack Obama reveals why it would have been difficult to raise a son after having two daughters - The Independent - July 16th, 2025 [July 16th, 2025]
- Barack Obama demands less whining and more action from Democrats - MassLive - July 16th, 2025 [July 16th, 2025]
- Charlamagne criticizes Obama's 'mind-boggling' advice to Democrats as too little, too late - Fox News - July 16th, 2025 [July 16th, 2025]
- Why Barack and Michelle Obama Would Have Had Difficulty Raising a Son - instyle.com - July 16th, 2025 [July 16th, 2025]
- Barack Obama says raising a son wouldve been more difficult than raising Sasha and Malia - HOLA - July 16th, 2025 [July 16th, 2025]
- Obama Calls Out Biglaw Firms That Capitulated To Trump - Above the Law - July 16th, 2025 [July 16th, 2025]
- Barack Obama Explains Why He Would Have Had 'Difficulty' Raising a Son After Parenting 2 Daughters (Exclusive) - People.com - July 16th, 2025 [July 16th, 2025]
- Whoopi Goldberg claps back at Obama's claim that Democrats need to stop "whining": "You are pointing the finger at the wrong... - July 16th, 2025 [July 16th, 2025]
- Frustrated with leadership under Trump? Obama calls on Democrats to 'toughen up' - USA Today - July 16th, 2025 [July 16th, 2025]
- Whoopi Goldberg criticizes Barack Obama for saying Democrats need to 'toughen up' - Entertainment Weekly - July 16th, 2025 [July 16th, 2025]
- Former Obama speechwriter admits shunning conservative in his family was a mistake - Fox News - July 16th, 2025 [July 16th, 2025]
- Barack and Michelle Obama reveal hard times as they directly address divorce rumors - UNILAD - July 16th, 2025 [July 16th, 2025]
- Obama admits he would've been more 'judgmental' if he had a son over daughters - Daily Express US - July 16th, 2025 [July 16th, 2025]
- Barack Obama Wants Democrats To Be the YIMBY Party. That's Easier Said Than Done. - Reason Magazine - July 16th, 2025 [July 16th, 2025]
- Former President Obama tells Democrats to toughen up and stop looking for the messiah - TheGrio - July 16th, 2025 [July 16th, 2025]
- Barack Obama reveals why it would have been difficult to raise a son after having two daughters - Yahoo - July 16th, 2025 [July 16th, 2025]
- Obama urges Democrats to toughen up amid frustration under Trump - The Boston Globe - July 16th, 2025 [July 16th, 2025]
- Jennifer Aniston sparks dating buzz with hypnotist Jim Curtis as netizens joke, Wheres Obama? - Hindustan Times - July 14th, 2025 [July 14th, 2025]
- Trump warned he could lose House over Epstein files row; pins blame on Obama and Biden - Hindustan Times - Hindustan Times - July 14th, 2025 [July 14th, 2025]
- New book claims Trump asked Obama this surprising question at Jimmy Carters funeral - The Economic Times - July 14th, 2025 [July 14th, 2025]
- Joined by Obama and Sherrill, Murphy raises more than $1.5 million for DNC - New Jersey Globe - July 12th, 2025 [July 12th, 2025]
- Larry David returns to TV with a heavy heart for Barack Obama-backed HBO sketch comedy - Los Angeles Times - July 12th, 2025 [July 12th, 2025]
- Obama is back on the fundraising circuit trying to help Democrats rebound for upcoming elections - The Independent - July 12th, 2025 [July 12th, 2025]
- Obama Steps Into the Ring to Deliver a Knockout Blow to Trump - The Daily Beast - July 12th, 2025 [July 12th, 2025]
- Obama, Backing New Larry David History Show, Avoids the Democratic Resistance to Trump - The New York Sun - July 12th, 2025 [July 12th, 2025]
- Pretty, pretty presidential: Everything to know about HBOs American history sketch comedy from Larry David and Barack Obama - Gold Derby - July 12th, 2025 [July 12th, 2025]
- Mamdani campaign dishes out millions to firm of key media strategist for Obama campaigns: 'She's the best' - Fox News - July 12th, 2025 [July 12th, 2025]
- Barack Obama and Larry David Are Working On a TV Series About US History - La Voce di New York - July 12th, 2025 [July 12th, 2025]
- Larry David Trolls Bill Maher With His New Barack Obama Partnership - Pajiba - July 12th, 2025 [July 12th, 2025]
- From Barack Obama to Emmanuel Macron, global leaders hit by AI and deepfakes - The Indian Express - July 10th, 2025 [July 10th, 2025]