Capitol Hill Update: Tax Reform and Potential Impacts to Healthcare 12/5/2017
During November 2017, the House of Representatives passed its version of the Tax Cuts and Jobs Act. The comprehensive legislation represents an overhaul of the U.S. tax code, with a multitude of changes to tax brackets and tax rates. The Senate passed a differing version of legislation overhauling the tax system on December 2, 2017. Both proposals have extensive detail and include a number of provisions that alter specific deductions and credits.
While moderate Senators received assurances that drastic changes to healthcare coverage and access would not be included in a final tax package, there are some health items up for negotiation as lawmakers move to conference in an effort to craft the compromise bill.