Senator Chuck Schumer's fingerprints are all over the government shutdown. Getting the government back open came with a price - more tax cuts. From The New York Times:
There’s a Surprise in the Government Funding Bill: More Tax Cuts
Congress is apparently not done cutting taxes, even after passing a $1.5 trillion tax overhaul last year.
The deal struck by Democrats and Republicans on Monday to end a brief government shutdown contains $31 billion in tax cuts, including a temporary delay in implementing three health care-related taxes.
And the taxes being cut?
The health care taxes were all created as part of the Affordable Care Act, where they were designed to offset the cost of expanding insurance coverage to low- and middle-income Americans. But many of them, such as a tax on medical devices, have remained unpopular, and their implementation has been suspended or postponed before.
Obamacare. Ratcheting that back step by step. Good.
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