Wednesday on Hugh Hewitt’s radio show, House Majority Leader Kevin McCarthy (R-CA) verified remarks made by his House colleague Rep. Kevin Brady (R-CA) that an Obamacare repeal and replace will be sent to the president by the end of February.
McCarthy told Hewitt the beginnings of that will take place with the passage of the 2017 budget.
“You’ll see the beginning of that movement by passing a 2017 budget this Friday,” McCarthy said.
McCarthy confirmed remarks House Ways and Means chairman Kevin Brady had made earlier on Hewitt’s show on Obamacare.
Partial transcript as follows:
HEWITT: I’m more focused, Mr. Chairman, on timing. When does the repeal bill get to President Trump’s desk, and will the medical device tax repeal be in that and the tax penalty repeal be in that?
BRADY: Well, the repeal bill is slated to be on the President’s desk in February. My understanding is that his hope to have it to him in that month. That’s the timetable we’re working under.
HEWITT: And will the medical device tax repeal be in there?
BRADY: It will.
HEWITT: Oh, my gosh, that is great news. How about the tax penalty repeal?
BRADY: On specific, which one?
HEWITT: The one that penalizes you for not having Obamacare.
BRADY: Yes, the mandate penalties will be removed. We’re, now let me just say this. So the final design of all this has to go through the House and the Senate as well.
HEWITT: You bet.
BRADY: But we’re going to act immediately on providing this tax relief.
HEWITT: That is terrific stuff, but not the corporate rate reduction?
BRADY: No, sir.
HEWITT: I think I hear you say that that’s in the fall or later in the spring?
BRADY: Yeah, it’s going to be, yeah, but it is action in 2017 on tax reform…
HEWITT: Covered by reconciliation.
BRADY: It’s going to be done. Yes, sir.
HEWITT: Covered by the 51 votes. You are going to get a lot done. If I can just keep persuading you on the state and local income taxes and the casualty loss…
BRADY: Yeah, make the argument. Look, we’re listening. That’s the important thing.
HEWITT: Yes, you are.
BRADY: This is your tax code, not Washington’s, so having that kind of input is incredibly helpful.
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