July 18, 2017

Today's News from the U.S. Chamber- 7/18/17

Tuesday, July 18, 2017

Republicans getting pressure from big business to move on tax reform

CNBC reports, “Washington's most powerful business groups are urging lawmakers to press ahead on tax reform amid growing fears that what Republicans had billed as a once-in-a-generation opportunity to transform the nation's tax code is slipping away.” “Among the groups that have sent letters to Republican leadership in recent weeks: the Financial Services Roundtable, the Business Roundtable and the U.S. Chamber of Commerce.” 

Why This Matters: We have a once-in-a-generation opportunity to do tax reform and steer our economy towards new and lasting growth. Take Action Now! 

GOP senator confident colleagues can rally around healthcare plan
The Hill 

The Hill reports, “Sen. James Lankford (R-Okla.) said on Tuesday that he was confident Senate Republicans could come together to pass a measure repealing and replacing the Affordable Care Act. In an appearance on ‘Fox & Friends,’ Lankford called for Senate Republicans to thrash out their differences on the bill, rather than trying to rally support for the current measure ‘one at a time.’”

Why This Matters: Congress has the opportunity to fix our health care system and repeal Obamacare taxes and mandates. Take Action Now!

Republicans Set Sights on Consumer Watchdog’s Arbitration Rule
National Journal 

National Journal reports, “A controversial rule banning financial institutions from forcing consumers into arbitration agreements is the subject of a looming Capitol Hill fight—the latest salvo in Republicans’ long war against the Consumer Financial Protection Bureau. The CFPB, which key Republicans and financial industry players have opposed since its founding in 2011, finalized a long-awaited rule on July 10 that prohibits banks from inserting mandatory arbitration clauses into contracts for financial products like bank accounts and credit cards.”



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