There will be no change in the current provisions under the Affordable Care Act at this point.
The Committee on Rules, more commonly known as the Rules Committee, is a committee of the United States House of Representatives. The Rules Committee is in charge of determining under what rule other bills will come to the floor for consideration. The Rules Committee met this morning, March 24, 2017, regarding floor consideration of the bill associated with the American Health Care Act. The Rules Committee finished its meeting a little after 10:00 AM and the mandatory four-hour debate began approximately one hour later.
Prior to today’s meeting, Republicans, assuming they would get no Democratic support, could only have affordedto lose 21 Republican votes and still have the bill pass. As it stood this morning, 24 Republicans stated that they would vote against the bill with an additional four indicating that they would “likely” vote against it. As time progressed during the debate, additional Republicans announced that they would be voting “No” regarding passage of the bill and, at approximately 3:30 this afternoon, President Trump requested Speaker Paul Ryan pull the bill from the floor. The bill was pulled despite efforts to incentivize Republican members to change their vote on the bill such as extending the additional .9% Medicare tax another six years.
As a result, there will be no change in the current provisions under the Affordable Care Act at this point. Various taxes such as the 3.8% net investment income tax and the additional .9% Medicare tax are here to stay at least until (1) a new replacement health care bill is developed or (2) they are repealed as part of tax reform. In addition, individuals and organizations should continue compliance with other Affordable Care Act provisions such as the individual and employer shared responsibilities.
Continue checking back withthe Trumponomics Think Tanksection of https://www.withum.com/ for future updates.
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