November 9, 2017 / 5:16 PM / a year ago

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.

Senator Bill Cassidy (R-LA) speaks about healthcare reform in Washington, U.S., October 18, 2017. REUTERS/Joshua Roberts

“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.

Reporting by Susan Cornwell; Writing by Susan Heavey; Editing by Chizu Nomiyama

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