The Latest: Senate bill adds tax break for family leave
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.
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.
The
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
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.
Johnson spokesman
The
GOP Sens.
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
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
The two chambers need to reconcile the bills in hopes of getting a measure to Trump by Christmas.
The head of the
Republican Sen.
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.
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.
The surprise renewal of the failed effort to eliminate the law's mandate came a day after President
Flood insurance revamp backed by GOP angers LoBiondo, other N.J. congressmen
North American Health Headlines at 9:53 p.m. EST
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News