Individual Mandate Repeal Included In Senate Tax Bill Despite Dire Warnings About Market Instability

From left, Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, Senate Majority Leader Mitch McConnell, R-Ky., Senate Finance Committee Chairman Orrin Hatch, R-Utah, and Treasury Secretary Steven Mnuchin, make statements to reporters as work gets underway on the Senate’s version of the GOP tax reform bill, on Capitol Hill in Washington, Thursday, Nov. 9, 2017. (AP Photo/J. Scott Applewhite)

The House  – which did not include repeal of the individual mandate – and the Senate still need to reconcile their versions of the tax legislation, but Republicans have been in favor of getting rid of the requirement since it was passed so it’s likely it will make it in the final law.

The Associated Press: Tax Bill Clears Senate In Big Boost For Trump, GOP Republicans muscled the largest tax overhaul in 30 years through the Senate early Saturday, taking a big step toward giving President Donald Trump his first major legislative triumph after months of false starts and frustration on other fronts. “Just what the country needs to get growing again,” Senate Majority Leader Mitch McConnell, R-Ky., said in an interview after a final burst of negotiation closed in on a nearly $1.5 trillion package that impacts the breadth of American society. (12/2)Full Story