Senate Republicans announced Tuesday they will be including a repeal of the Affordable Care Act's individual mandate in their tax plan. "Repealing the mandate pays for more tax cuts for working families," wrote Sen. Tom Cotton (R-Ark.) in a statement.
President Trump has put pressure on Republicans to repeal the "very unfair" individual mandate, which is the portion of ObamaCare that requires individuals to purchase health care or face a fine. Its elimination would free up more than $300 billion over a decade, The New York Times reports, "because ... a decline in the number of people with health coverage" means "the government would spend less money on subsidized health plans."
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Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
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Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
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New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
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Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
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US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
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NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
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Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
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FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
