President Donald Trump is celebrating the GOP tax legislation, claiming it fulfills his campaign promise to repeal the Affordable Care Act.
Speaking during a Cabinet meeting, he says: “Obamacare has been repealed in this bill.”
But the bill only repeals the individual mandate, which imposes a tax penalty for failing to purchase health insurance — a significant, but small part of the law — rather than the extensive legislation passed by his predecessor.
Trump-backed GOP efforts to undo the health care legislation failed repeatedly earlier this year, and congressional lawmakers are debating needed fixes to the bill to stabilize the individual marketplace.
Trump also said during the meeting that he’s considering a trip to the southern border to take a look at the border wall prototypes currently being tested.
Trump told reporters that six different types of wall have been built. In fact, eight border wall prototypes are currently being tested in San Diego.
He says he “may be going there very shortly to look at them in their final form.”
Trump is also calling on Congress to fund wall construction along the Mexican border. And he’s vowing to overhaul the country’s legal immigration system by getting “rid of chain migration,” in which legal immigrants’ family members are allowed to join them in the United States. He also wants to scrap the diversity lottery program.
He says: “We’re making the immigration system work for Americans.”
Finally, Trump praised Republicans in Congress, who delivered an epic overhaul of U.S. tax laws to President Donald Trump, bringing generous tax cuts for corporations and the wealthiest Americans, and billions to be added to the national debt.
The $1.5 trillion package, billed as a huge boon for the middle class and a spark to economic growth, provides smaller tax cuts for middle- and low-income families.
The GOP-dominated House voted — a second time — along party lines on Wednesday to approve the complex legislation, following a narrow vote after midnight in the Senate.
The measure slashes the corporate income tax rate from 35 percent to 21 percent. The tax cuts for business are permanent, but reductions for individuals and families expire after a decade. The standard deduction used by around two-thirds of Americans will nearly double to $24,000 for married couples.