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Financial Planning > Tax Planning > Tax Reform

Ryan Pulls Bill to Repeal Obamacare; Says Tax Reform Now in Danger

By Allison Bell

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House Speaker Paul Ryan House on Friday pulled H.R. 1628, the bill meant to repeal the Affordable Care Act, off the floor just before members were supposed to vote.

Ryan said at a press conference that he decided to cancel the vote on the repeal of the Affordable Care Act, known as Obamacare, because he did not believe he had enough support to pass it. No Democrats were voting for the repeal bill and more than 22 Republicans were also voting against the bill. With one Democrat absent, 22 is the number of Republicans that had to vote no in order to kill the repeal bill’s chances.

Related: H.R. 1628: House prepares to vote on ACA change bill

C-SPAN has been airing videos of press conferences with Ryan and other policymakers here.

“We came up short,” Ryan said at his press conference. “This is a setback, no two ways about it.”

Ryan said he’s proud of the bill the House produced but did not get the consensus he needed to pass the bill.

Ryan said he thought his team was winning over some members of the Republican Freedom Caucus group but had not won over enough.

“Obamacare is the law of the land,” Ryan said. “We’re going to be living with Obamacare for the foreseeable future.”

Ryan said that he does not believe the ACA system will survive, but that Tom Price, the new secretary of the U.S. Department of Health and Human Services, might be able to find ways to stabilize it.

Ryan said he wants to move on to other issues, such as tax reform.

“This does make tax reform more difficult, but it does not in any way to make it impossible,” Ryan said.

The lack of action on ACA-related taxes means that “the Obamacare taxes stay with Obamacare,” Ryan said. “We’re going to fix the rest of the tax code.”

Ryan said he thinks Republicans have more agreement on the need for and the nature of tax reform.

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