Thursday, November 16, 2017
Taxcode, Nafta, Net Neutrality. News update
Hello All, here's some headlines and updates on stories from the week in American News.
Healthcare/Tax Code
Senate Republicans seek to lift the Obamacare mandate that all citizens be insured. In a move to slash the tax plan down to the requisite budget increase of 1.5 trillion, which is necessary to pass a bill without the possibility of a senate Filibuster, the removal of the 300 billion dollars government spends on health care subsidies would lower the new tax plan below that threshold.
Speculation suggests that Passing such legislation could lead to the dismantling of the Affordable Care Act.
http://abcnews.go.com/Politics/senate-republicans-include-individual-mandate-repeal-tax-plan/story?id=51149346
Nafta or North American Free Trade Agreement
Negotiations between the three country members of the NAFTA agreement are once again struggling to pin down details on the agreements renewal. Some sticking points and their sectors include; Auto industry: America wants 85% of all auto's traded between nations to originate within the nations of Nafta. Meaning 85% of parts must be made and assembled in either Canada, USA, or Mexico.
Negotiations are in their 5th rounds of talk and are expected to continue through 2018.
Net Neutrality
A vote is expected to take place next month, involving the so called net neutrality laws that protect consumers from having their content and broadband speed affected by internet service providers. With the public comment portion of the review over, the FCC is expected to vote in December on whether or not to keep the Obama era rules in place. The current 5 member FCC board is majority republican.
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