The mandate that you must buy health insurance or face a hefty penalty is dead. Whether you think this is a good idea or a bad idea, you have to acknowledge that Senator Tom Cotton played a key role in making this happen. As we noted on TAP last month, Sen. Cotton was a leading proponent of including the individual mandate repeal in tax reform legislation. The final version … [Read more...]
Arkansas Senators Support Tax Reform
At 2 a.m. on the morning of Saturday, December 2, Arkansas Senators Tom Cotton and John Boozman joined all but one of their Republican colleagues in voting for a bill that makes some major changes to our tax code. What’s in the bill? Among other things, it: Cuts taxes in all seven of the current tax brackets, but does not reduce the number of brackets Reduces the … [Read more...]
Tax Cut Legislation Advances in D.C.
The House of Representatives passed a major tax overhaul last week. All four members of the Arkansas House delegation voted in favor of a bill that would make numerous changes to the tax code. Upon passage, Rep. Steve Womack said, “For the first time in over three decades, the House has taken action to allow Americans to keep more of their hard-earned money while making our … [Read more...]
Tax Bill May Repeal Obamacare Mandate
Senator Tom Cotton is a long-time foe of Obamacare’s mandate — the mandate that requires everyone to purchase health insurance (also known as the “individual mandate”). The tax reform legislation moving through the Senate may finally give him a victory on that front. Arkansas’s junior senator sponsored legislation with Senator Pat Toomey (R-PA) in October that would repeal … [Read more...]
Judge: No Need For Restart Of O’Care Cost-Sharing Payments
The Trump administration doesn’t have to restart subsidies for insurance companies created during the Obama administration, according to a U.S. District Court in San Francisco. President Donald Trump discontinued these Obamacare cost-sharing subsidies by executive action two weeks ago. From Fox News: U.S. District Judge Vince Chhabria in San Francisco said the … [Read more...]
