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Top Three 9/22/17

Sep 21, 2017

1. It is widely expected that Congressional leaders will release a framework for tax reform on September 25. The document is expected to detail ;“core elements of tax reform” as agreed to by Senate and House leaders and the White House. The group, known as the “Big Six,” jointly released a two-page statement in July ;that outlined a broad set of agreed-upon tax principles. The members of the Big Six are House Speaker Paul Ryan (R-WI), Senate Majority Leader ;Mitch McConnell (R-KY), House Ways and Means Chairman Kevin Brady (R-TX), Senate Finance Chairman Orrin Hatch (R-UT), Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn.

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2.In a last-ditch effort to “repeal and replace” the Affordable Care Act, Senators Lindsey Graham (R-SC), Bill Cassidy (R-LA), Dean Heller (R-NV), and Ron Johnson (R-WI) on September 13 released a new reform proposal. Under their plan, the ACA funding streams would be replaced with a state block grant system that would provide $1.18 trillion over seven years to states for the ACA’s Medicaid expansion enrollees, premium tax credits, cost-sharing reduction payments, and Basic Health Program. States could waive some insurance regulations as part of the block grant program. Other changes include eliminating the individual and employer mandate penalties, and repealing the medical device tax and reducing taxes related to health savings accounts (HSAs). Other ACA taxes and fees would be maintained, including the NECA-opposed Cadillac Tax.

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3. NECA and our coalition partners are continuing to work to delay implementation of the Electronic Logging Device (ELD) mandate. A joint multi-industry press conference will take place on September 27, 2017 at 9:00 am EDT calling on President Trump to use whatever means necessary to implement a delay. In addition, NECA is working with the Department of Transportation to relay our concerns over the rule, which will be a tremendous financial and recordkeeping burden for NECA contractors nationwide.

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