Congressional Republicans’ push to repeal and replace Obamacare is down but not out. Senate Majority Leader Mitch McConnell (R-KY) surprised everyone yesterday, including his own caucus, when he called off an expected vote on the Senate GOP’s health care bill amid opposition from at least a half-dozen of his party colleagues. It’s an embarrassing about-face for the leader, who last week emphatically promised to pass the bill this week.
But think of the setback more as McConnell hitting the pause button than throwing in the towel. Congress is out next week for its annual Independence Day break, and he will use the time to tweak the bill in the hopes of wooing reluctant Republicans. He wants to hold a vote soon after Congress returns the second week of July. And if anyone can get this done, it’s McConnell, a master of Senate politics and parliamentary procedure.
Log in to see the rest of this article and the discussion
Kiplinger Alerts is a subscription-based e-mail and online alert service that helps you make more profitable decisions for your business and investments. You get reliable intelligence and forecasts on more than a dozen factors that affect the economy and are critical to your business and financial success.