Economics
Senate Budget Won’t Let GOP Pursue Full Obamacare Repeal
- Budget to balance in 2026 using $5 trillion in spending cuts
- Republicans could use budget to open Alaska refuge to drilling
Trump's Challenge to Peddle Tax Plan Pass-Throughs
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Senate Republicans a fiscal 2018 budget resolution Friday that they intend to use to push through as much as $1.5 trillion of tax cuts in the coming months, but it won’t allow the GOP to pursue a full repeal of Obamacare.
The proposal would still allow Republicans to pursue a much narrower attack on the Affordable Care Act, including repealing the individual mandate to purchase coverage. The resolution also would let the GOP use the fast-track process to open up drilling in the Arctic National Wildlife Refuge.