With a deadline looming, congressional leaders unveiled “sweeping” tax and spending legislation late last night.
The result makes one wonder whether congressional Republicans negotiate directly with President Obama on these deals, or whether they just send corporate lobbyists to do so, thereby cutting out the middle man.
The Wall Street Journal reports, “The agreement…is expected to suspend for two years a tax on medical devices and delay for two years the scheduled 2018 start of the so-called Cadillac tax on high-cost employer health plans.” Each of these “fixes” to Obamacare will make deep-pocketed groups that much less interested in full repeal in 2017, while the suspension of the Cadillac tax will also make it that much harder to pass the conservative alternative needed to make full repeal a reality. The delay of that tax is also a big win for labor unions.
But that’s just the beginning.