Breaking down the health care impact of the tax liability law | JD Supra

The Fiscal Responsibility Act, the result of intense negotiations between the White House and the Republican leadership of the House, suspends the debt limit and outlines cuts in public spending. The legislation passed its first hurdle on Tuesday, passing the House Rules Committee by a narrow margin. After the rules committee, the legislation is expected to go to the floor for a vote Wednesday night. The Senate would begin drafting legislation immediately, but it could be slowed down by an individual senator using various procedural tools. The agreement between the…

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