The House Ways and Means Committee today announced that tomorrow, September 29, it will mark up a bill that will include provisions to repeal certain health care-related items, including:
According to a Ways and Means release announcing the markup, these provisions are part of a plan to “target” the health care law known as “Obamacare” using a reconciliation bill that can be passed by the Senate with a simple majority vote (due to procedural protections associated with budget reconciliation).
The Joint Committee on Taxation (JCT) provided on its website (posted on September 28, 2015) descriptions and revenue estimates of the proposals for the markup.
In connection with an earlier House effort to repeal Obamacare, the White House indicated that the president would veto such legislation if it reached his desk. Read a February 2015 Statement of Administration Policy [PDF 332 KB] with respect to H.R. 596, repealing the Affordable Care Act.
© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.