Mulvaney: Pass-through entities need to be addressed in tax reform

Elias Hubbard
November 19, 2017

Office of Management and Budget Director Mick Mulvaney on Sunday said the White House is all right with taking a provision to repeal Obamacare's individual mandate out of Senate Republicans' tax bill if the provision is "an impediment" to its passage.

Johnson is the only Senate Republican to come out as opposed to the upper chamber's tax reform legislation, arguing that the current legislation does not provide enough aid to pass-through entities.Mulvaney said that the subject of pass-through entities, which pay the individual income tax rate as opposed to the corporate rate, "needs to be worked out". Unfortunately for Mulvaney, both the House and Senate tax bills would do just that, but he's now trying to spin millions of people losing their health insurance as them getting a tax break.

Treasury Secretary Steve Mnuchin said Trump still backs the repeal and disputed claims that it's being used as a "bargaining chip" in Senate negotiations.

"This is all about getting this passed in the Senate". "The president thinks we should get rid of it and I think we should get rid of it".

Mulvaney said he does not think it is now an impediment. The tax bill that passed the House last week did not include the repeal. Republicans hold a narrow 52-to-48 advantage over Democrats in the Senate.

Trump had urged lawmakers to add repeal of the mandate to the tax bill, writing on Twitter last week that the provision was "unfair" and "highly unpopular". Susan Collins (R-Maine) said she has concerns over repealing the individual mandate. Harold JohnsonDemocratic Homeland Security members request additional DHS nominee testimony Key differences between the Senate and House tax plans Senate panel delays vote on Trump's Homeland Security pick MORE (R-Wis.).

But she said she wasn't ready go on the record against it, because she hopes there will be revisions before it comes to the Senate floor for a vote. "And I think there will be changes".

Other reports by Click Lancashire

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