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A Huge Day for Health Care: McCain's Return Sets Stage for Big Vote

A Huge Day for Health Care: McCain's Return Sets Stage for Big Vote Read Transcript

Republicans in the Senate are going to try again

today to move ahead on a health care bill.

And President Trump is making it clear

that it's time to repeal Obamacare.

Ben Kennedy brings us the story from Washington.

BEN KENNEDY: President Trump increased the pressure

on Republican senators as they prepare to take on health care


As he said, it is time for the GOP

to finally fulfill their seven-year promise

to repeal and replace Obamacare.

On Monday Trump stood with families

he called, victims of Obamacare, suffering through high premiums

and broken promises.

DONALD TRUMP: Any senator who votes against starting debate

is telling America that you are fine with the Obamacare

nightmare, which is what it is.

BEN KENNEDY: But even Republican senators

weren't clear going into today if they

will vote to repeal and replace Obamacare, or just

repeal it for now and try to come up with a replacement plan


In a burst of optimism, Senator John McCain, recently diagnosed

with brain cancer, announced he'll return

to Capitol Hill for roll call.

Despite the outcome of today's vote,

the White House plans to move ahead

with the rest of the president's economic agenda.

Tax cuts are set to take center stage,

even if the health care bill fails.

Is this going to be tax reform or tax cuts?

There's a real debate going on now.

There are some proponents of reform,

which the country really needs, who would

like to go in that direction.

There are other proponents who say,

let's just cut taxes across the board.

BEN KENNEDY: It's been more than 30 years since Congress

passed a major tax reform law.

Greg Valliere of Horizon Investments

sat down with CBN to explain what a new bill could

do to improve the tax code.

What will tax reform look like, as

compared to what people are hoping to see?

Well, two big components, one would

be significant business tax cuts going from a 35% top rate

to maybe low 20s.

The president wants 15%.

I don't think he's going to get that.

BEN KENNEDY: The other major component,

it appears the White House has a plan,

aiming to focus cuts and taxes for millions

of individual Americans.

We'll see rates come down a bit.

We'll see a change in the way people deduct.

We might see the estate tax end.

And we'll probably see the death of the alternative minimum tax.

BEN KENNEDY: The administration is reportedly very organized

in its push to pass a tax bill, and will

start pitching tax reform in mid-August,

aiming to take shape in the fall and signed into law early

next year.

Ben Kennedy, CBN News, Washington.

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