Income taxes

Senate Republican leaders head into a difficult fight this week to win support for their health-care legislation and tax changes after returning from a recess where some GOP lawmakers fielded angry complaints from constituents about the measure.

Senate Republican leaders trying to break a logjam on their proposed health-care legislation are working with congressional budget officials to examine the impact of various changes they’re considering, a process that could take about two weeks, according to a GOP aide.

Donald Trump on Friday said that if Republican senators can’t strike a deal on their health bill, they should immediately repeal Obamacare and then replace it later, a reversal of the president’s earlier position.

Moves for business and individual clients to make before Washington changes the code.

Republican Senator Bob Corker said Thursday that he expects GOP leaders to scrap a provision in their health bill that would repeal a tax on investment income that affects high-income earners.

Several Senate Republicans began to question Wednesday whether their health-care bill should repeal a tax on high-income Americans imposed by Obamacare when the legislation would scale back subsidies for the poor.

Senate Majority Leader Mitch McConnell may have bought himself some time by delaying a vote on his embattled health-care bill, but he faces a difficult and narrow path in trying to deliver on seven years of promises to repeal Obamacare and its taxes.

Senate leaders put off a vote on the Republicans’ health-care bill until after the July 4 recess amid growing opposition from GOP members to the plan drafted in secret by Majority Leader Mitch McConnell.

Congressional Republicans’ dash to undo Obamacare is about fulfilling a seven-year promise to voters. But it’s also about seizing what may be the party’s last chance to wipe out the 2010 law’s tax hikes on upper income earners.

The Obamacare replacement plan put forward by Senate Republicans would increase the number of uninsured Americans by 22 million while slashing funding for Medicaid, according to an estimate by the Congressional Budget Office.