Tuesday, March 04, 2025 | 07:25 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Healthcare Bill retains tax on wealthy, divisions remain

The legislation retained two taxes on the wealthy that helped pay for the Obamacare law

Donald Trump
Premium

US President Donald Trump at a joint news conference at the White House in Washington

Reuters
Senate Republican leaders, aiming to salvage efforts backed by President Donald Trump to dismantle the Obamacare law, on Thursday unveiled revised healthcare legislation that lets insurers sell bare-bones policies and retains key taxes on the wealthy.’

US Senate Majority Leader Mitch McConnell, known as a skillful tactician, released the updated legislation in a bid to unite disparate Republican factions and make good on his party's seven-year mission to gut Democratic Former President Barack Obama's signature legislative achievement. The proposal replaces an earlier one that deeply divided Trump's fellow Republicans, who control the Senate, drawing opposition from both moderates and hard-line conservatives.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in