Feb 1, 2017

Hatch: Obamacare taxes "need to go" in repeal

Alex Brandon/AP

Senate Finance Committee chairman Orrin Hatch told the U.S. Chamber of Commerce this morning that all of Obamacare's taxes, which are used to finance the law, need to be repealed. As chairman of the Finance Committee, which has jurisdiction over the taxes, his voice could be a deciding one.

After spending seven years talking about the harm being caused by these taxes, it's difficult to switch gears now and decide that they're fine so long as they're being used to pay for OUR healthcare bill.

There's been disagreement among Republicans about whether to repeal the taxes — including taxes on health insurers and medical device makers — along with the subsidies and mandates. The repeal bill will be handled through a budget process called reconciliation, which avoids a filibuster. The problem is that not all of Obamacare can be replaced through this method, so some members are worried that repealing the taxes now will make it hard to pay for an eventual full replacement.

What to watch: Whether worried Republicans fall into line with the chairman, or whether they continue to try to keep the taxes temporarily.

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NASCAR driver Ryan Newman hospitalized after fiery Daytona 500 crash

Ryan Newman, driver of the #6 Koch Industries Ford, crashes and flips during the NASCAR Cup Series 62nd Annual Daytona 500 at Daytona International Speedway in Daytona Beach, Florida, on Monday. Photo: Jared C. Tilton/Getty Images

Racing driver Ryan Newman was hospitalized in a serious condition with non-life threatening injuries after his car crashed at the Daytona 500 on Monday, NASCAR said in a statement.

The big picture: The 42-year-old was leading the final lap of the race, won by Denny Hamlin, when his car flipped in the fiery crash. President Trump tweeted after the crash, "Praying for Ryan Newman, a great and brave @NASCARdriver!"

Go deeper: Trump takes presidential limousine for lap at Daytona 500

Bolton indicates more Ukraine details if book prevails WH "censorship"

Former National Security Adviser John Bolton on stage at Duke University in Durham, North Carolina, on Monday. Photo: Melissa Sue Gerrits/Getty Images

Former National Security Adviser John Bolton said during a talk at Duke University in Durham, North Carolina he hopes his new book is "not suppressed" by the White House, according to journalists present in the room.

This is an effort to write history and I did it the best I can. We'll have to see what comes out of the censorship."
Bolton's comments, per Bloomberg and the New York Times

There are warning signs that Nevada could be Iowa all over again

Former Sen. Harry Reid (D) lines up to cast an early vote for the upcoming Nevada Democratic presidential caucus. Photo: Ethan Miller/Getty Images

The alarms are increasingly sounding over Nevada's Democratic caucus, which is just five days away.

Why it matters: Similar issues to the ones that plagued Iowa's caucus seem to be rearing their ugly heads, the WashPost reports.