• New Obamacare Tax Could Create Tax Increase Under Republicans' Watch

    New Obamacare Tax Could Create Tax Increase Under Republicans’ Watch

    Congress faces several impending deadlines as the year draws to an end, including a key healthcare program and a new Obamacare tax set to take effect Jan. 1 which would be a tax increase under Republican rule.

    With the tax reform hurdle nearly cleared, sources on Capitol Hill say they expect another legislative package to emerge before the end of the year that will knock out a list of last-minute priorities, including the Children’s Health Insurance Program and tax extenders. A key element up for debate in the expected legislative package is the health insurance tax, a tax on health insurance companies that takes effect Jan. 1 and that would raise premiums significantly. READ MORE...