The Latest: Senate bill adds tax break for family leave - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 16, 2017 Newswires
Share
Share
Post
Email

The Latest: Senate bill adds tax break for family leave

Associated Press

WASHINGTON (AP) — The Latest on the Republican tax overhaul legislation (all times local):

9:50 p.m.

A new tax break for businesses that give their workers paid family leave has been put into the Senate Republican tax bill now moving toward approval.

The proposal by Sen. Deb Fischer, R-Neb., was included in a late revision to the bill written by Sen. Orrin Hatch, chair of the Senate Finance Committee. The panel is debating the bill, which cuts taxes for corporations and many individuals, and doubles the standard deduction. A House tax measure is expected to be voted on by that chamber Thursday.

The family leave provision would give employers a tax credit equivalent to a percentage of the wages paid to employees while on family or medical leave. The idea is to encourage paid time for employees for family responsibilities, relieving some financial pressure.

7:25 p.m.

The Senate's tax-writing panel has rejected Democrats' efforts to modify a Republican tax overhaul bill.

Several proposals aimed to protect health care coverage for veterans or people with disabilities, mental illness or opioid addiction if the requirement for individual insurance coverage is ended.

The Republican-led Senate Finance Committee voted 14-12 along party lines against the amendments. It was the panel's third day of work on the Senate bill, which would cut taxes for corporations and many individuals.

In a late addition, the bill also would repeal the so-called individual mandate in Obamacare, under which people must get insurance coverage or face a fine.

The defeated amendments would have required congressional analysts to certify that the elimination of the insurance mandate won't reduce the number of people in those categories covered by health insurance.

3:50 p.m.

Ron Johnson of Wisconsin has become the first Republican senator to say he opposes the GOP tax bill. That signals potential problems for his party's effort to push the legislation through Congress by Christmas.

Johnson spokesman Ben Voelkel has confirmed Johnson's stance. The lawmaker told The Wall Street Journal he was against the measure because it helped corporations more than other businesses.

The Senate Finance Committee is debating the measure and is on track to approve it by week's end.

Republicans have a 52-48 majority in the full Senate and can afford to lose just two GOP senators and still prevail. Vice President Mike Pence would cast the tie-breaking vote.

GOP Sens. Susan Collins of Maine, Jeff Flake of Arizona and Bob Corker of Tennessee have expressed concerns about the bill.

2:15 p.m.

A sweeping tax overhaul has cleared a procedural hurdle in the House.

Lawmakers voted 235-191 on Wednesday for the rule that sets the stage for a vote on passing the measure. That crucial vote is expected Thursday morning after President Donald Trump travels to Capitol Hill to meet with GOP lawmakers.

Republican leaders on Tuesday had projected confidence that they have the votes to pass the bill that would slash the corporate tax rate, reduce the number of tax brackets and eliminate some popular deductions.

Separately, the Senate Finance Committee is working on its version of the bill. The full Senate is expected to vote on that measure after Thanksgiving.

The two chambers need to reconcile the bills in hopes of getting a measure to Trump by Christmas.

11 a.m.

The head of the Senate's tax-writing committee is defending the decision to include in the tax bill a repeal of the Obamacare requirement for Americans to get health insurance.

Republican Sen. Orrin Hatch, the chairman of the Senate Finance Committee, said Wednesday the requirement that nearly everyone have insurance coverage or face a fine is a tax.

Hatch said that's a "terribly regressive tax that imposes harsh burdens on low- and middle-income taxpayers." His panel started a third day of work Wednesday on the tax overhaul legislation.

Democrats angrily protested the move. Repealing the mandate would raise an estimated $338 billion that could help pay for deep tax cuts, especially for corporations. Budget analysts say it would push 13 million Americans off the insurance rolls over the next decade.

3:43 a.m.

The Obama health care law's requirement that Americans get insurance coverage is now pinned as a target of Republican lawmakers. They are looking to end the individual mandate to help pay for deep tax cuts.

Senate Republicans showed Tuesday they're intent on scrapping the Affordable Care Act's insurance mandate, and the idea was endorsed by scores of GOP lawmakers in the House.

The surprise renewal of the failed effort to eliminate the law's mandate came a day after President Donald Trump renewed pressure on Republican lawmakers to include the repeal in their sweeping legislation to revamp the tax system.

Older

Flood insurance revamp backed by GOP angers LoBiondo, other N.J. congressmen

Newer

North American Health Headlines at 9:53 p.m. EST

Advisor News

  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
  • Helping clients prepare for one of their biggest retirement expenses
  • Important year-end financial conversations every advisor must have
  • What happens to insurance planning when a client retires early?
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • New dental benefits solution shifts the focus from treatment to prevention
  • Education is crucial to understanding voluntary benefits
  • NYC'S MEDICAID HOMECARE INDUSTRY MAY HAVE FRIENDS IN THE CHINESE REGIME
  • Thousands in WA lose Apple Health coverage as Trump’s changes take effect
  • Virginia Democrats warn more healthcare strains loom after November election
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • U.S. News & World Report Announces Winners of the 2027 Life Insurance Companies Awards
  • New York Life Investment Management Launches NYLIM MacKay Muni High Income ETF
  • When life changes, coverage should too
  • Trust emerges as key battleground for distribution, LIMRA panel agrees
  • AM Best Affirms Credit Ratings of OneAmerica Group Members
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.