US Senate plan delays corporate tax cut, won't repeal ObamaCare mandate

mitch mcconnell

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.

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