Senate plan delays corporate tax cut, won't repeal Obamacare mandate: senator

Reuters

Published Nov 09, 2017 12:50PM ET

Senate plan delays corporate tax cut, won't repeal Obamacare mandate: senator

WASHINGTON (Reuters) - U.S. Senate Republicans' version of a tax cut bill will delay corporate rate cuts by one year to take effect in 2019, and will not include a repeal of Obamacare's individual mandate, Republican Senate Finance Committee member Bill Cassidy said.

"It’ll be in the initial proposal,” Cassidy, referring to the tax rate delay, told reporters ahead of the plan's release later on Thursday.