The House and Senate are scheduled to vote on moving forward with a conference committee today to iron out the differences between the tax bills that both chambers passed. The House passed its bill on November 16 and the Senate narrowly passed (51 to 49) its bill in the early morning hours of December 2. Both bills, named the Tax Cuts and Jobs Act, make significant changes to the tax code for both individuals and corporations. Both would add about $1.5 trillion to the deficit over 10 years, increasing pressure to cut Medicaid and other programs to pay for the tax cuts that disproportionately benefit upper income individuals and large corporations. The Senate bill goes further by effectively repealing the individual mandate for people to have health insurance which is projected to result in 13 million fewer people with health care coverage and increase premiums by 10%. Click here to read a description of the major differences in the House and Senate bills and click here to see the differences in key provisions for people with disabilities. The Arc’s statement on the Senate’s passage of its tax bill can be found here.
Advocates are urged to turn their attention to their representatives in the House to oppose the bills TODAY. The House and Senate need to pass the identical bills in order for a measure to become law. It is still possible that the House may simply pass the version the Senate passed on Saturday morning. If this were to happen, the President is all but certain to sign the measure and it will become law. Therefore, the time to act is now. See action alert.