House votes to delay $1.5 trillion Medicare bill
A House committee on Wednesday voted to delay the $1,5 trillion bill that would provide billions in funding to help Medicare beneficiaries.
The House Ways and Means Committee voted unanimously to delay a vote on the bill by three weeks to allow lawmakers to review it.
The bill, known as the American Health Care Act, was expected to pass the Senate and move on to President Donald Trump’s desk by Christmas.
The legislation would provide $1 trillion in tax cuts for businesses, including for small businesses and individual Americans.
The measure has the support of both Republicans and Democrats.
The Congressional Budget Office estimates that the bill will save the government $2 trillion over 10 years.
It also would provide more than $1 billion in additional tax relief for households, and increase the amount of money available for people with pre-existing conditions.
Democrats have said the tax cuts would disproportionately benefit people in the wealthiest households, while Republicans have argued the tax breaks would help the middle class.
President Trump and his supporters have argued that the legislation would spur economic growth and increase paychecks for millions of Americans, but there are doubts over its impact.