The U.S. Senate Budget Committee today released text and explanations of revisions to the Better Care Reconciliation Act (BCRA) discussion draft. The new draft does not include any changes from current law to the net investment income tax, the additional Medicare health insurance (HI) tax, or the remuneration tax on executive compensation for certain health insurance executives.
The purpose of this edition of TaxNewsFlash is to provide text of the updated discussion draft and related documents.
According to a Budget Committee release, the revisions of the BCRA provide:
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