President Donald Trump’s tax reform framework could raise GDP by as much as 5 percent and wages by as much as 7 percent, according to a new study from Boston University economists.
The Senate passed the 2018 fiscal year budget resolution Thursday in a 51-49 vote, paving the way for tax reform.
The Centers for Medicare and Medicaid Services made $2.4 million in Medicare Parts A and B payments after beneficiaries died, according to an audit from the Department of Health and Human Services Office of Inspector General.
Jobless claims dropped to 222,000 this week, which is the lowest level seen in 44 years, the Washington Examiner reported.
Sens. Lamar Alexander (R., Tenn.) and Patty Murray (D., Wash.) have introduced legislation that attempts to stabilize the insurance market and lower the cost of premiums so Americans have more access to care.
Obamacare plan premiums may increase an average of 30.6 percent in Pennsylvania next year due to health care insurers rate hike requests, according to the state’s acting insurance commissioner.
Sens. Tom Cotton (R., Ark.) and Pat Toomey (R., Penn.) have introduced the Mandate Relief Act of 2017 to relieve Americans of paying Obamacare’s mandate, which is a penalty or tax for not purchasing health insurance.
Eliminating the state and local tax deduction through President Trump’s tax reform framework could help lower taxes by $1 trillion, according to economist Stephen Moore, who helped put the original tax plan together.
An Obamacare tax that will be imposed in 2018 will raise premiums even further and is estimated to cost $270 billion over the next decade, according to a report commissioned by UnitedHealth Group.
Grover Norquist, president of Americans for Tax Reform, said that repealing the death tax would create jobs, increase economic growth, and bring in federal revenues.