GOP give up on healthcare reform but can pass a budget

posted by Kelly Nash -

Senate Majority Leader Mitch McConnell announced that they no longer attempt to replace Obamacare after 4 GOP Senators said they can't vote for the replacement plan. Now they will attempt to simply repeal Obamacare. 

On the House side GOP lawmakers have released a 2018 budget plan that outlines a tax reform package that doesn't need support from Democrats.

The four-trillion-dollar proposal issued this morning also sets up a repeal of 2010 Wall Street reforms and cuts 200 billion from programs like food stamps over the next decade. It would include a dramatic reshaping of welfare programs that would a work requirement as its cornerstone.

The budget, which must be approved by both the House and the Senate, looks to create a nine-billion-dollar budget surplus by 2027. That goal assumes annual economic growth along with reforms to tax and healthcare law.

The plan is structured in such a way that it could be passed by a simple majority in the Senate, where the GOP maintains a 52-48 seat advantage.

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