House Republicans have put forward their first stab at a tax overhaul bill, and while some parts have been long-promised — fewer brackets, a steep corporate tax cut — there were a few surprises, like the fact that the new bill doesn't touch 401(k) savings rules.
House Speaker Paul Ryan announced Thursday that Republicans will — once again — vote to cut off federal tax dollars for Planned Parenthood. They are planning to include the measure as part of a bigger upcoming bill to repeal pillars of Obamacare. This isn't the first time that they have tried to pass this type of legislation — President Obama vetoed a similar bill last January.
