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Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead

Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead

ZERO HEDGE --

It was a one-two knockout punch for anyone still holding out hope that Trump's domestic economic policies will take place in the near, or not even so near, future.

First, Rep. Patrick McHenry, a member of House Republican leadership, said on Wednesday afternoon that conservatives' proposals to reach a compromise on healthcare are a "bridge too far" to win support from colleagues.  McHenry, the chief deputy whip, told reporters that calls from the conservative House Freedom Caucus to allow states to apply for waivers to repeal ObamaCare protections for people with pre-existing conditions are a "bridge too far for our members" and can't get enough votes to pass.

The comments come after a late-night meeting among House GOP groups on Tuesday fell flat, and lawmakers appear to be heading home at the end of the week for a recess without any tangible progress toward a deal to revive their healthcare bill.

McHenry said lawmakers need a "cooling off period" over the two-week break. "We need people to stop, take a deep breath, and think through the way to yes," he said.

As McClathy sums it up, "conservative interest groups are on the warpath, charging the new ideas don’t go far enough to destroy the 7-year-old Affordable Care Act. On the other end of the GOP political divide, moderate House Republicans are withholding support for the new White House-backed changes. They fear the revisions would jeopardize the health law’s requirement that individual insurers cover people with pre-existing medical conditions."

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