WH, GOP Close to Releasing New Joint-Tax Reform Principles

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"I am disappointed and frustrated, but we should not give up", Speaker Paul Ryan said in a written statement issued after what was described as a somber closed door meeting with House Republicans, just hours after the Senate had run aground on a GOP "skinny" health bill.

"It is now obvious that the only path ahead is for the Senate to pass the narrow legislation that it is currently considering", Ryan said in a statement.

The so-called "skinny repeal" is a last resort for Senate Republicans to pass something - anything - to trigger negotiations with the House.

Ryan sought to distance the House from the Senate GOP's failure, noting that Republicans in the lower chamber passed their own version of legislation to repeal and replace the law earlier this year.

But he added, "We expect the Senate to act first on whatever the conference committee produces".

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Republican Sens. John McCain of Arizona and Lindsey Graham of SC say they are still opposed to a minimal bill that would only repeal several provisions of former President Barack Obama's health law.

House Freedom Caucus Chairman Mark Meadows, a conservative leader who helped shape the House bill that passed in May, made it clear he wasn't a fan of the latest Senate bill. We can't send that to the President. But the Senate has not taken action yet on those bills. "I mean, after seven years and seven months, that's the best we can do?"

"They need to figure out how to become more functional", said Rep. Tom Cole (R-OK). He thought House members could be voting on a procedural measure - a "motion to instruct" - on Saturday to set that in motion. According to the nonpartisan Congressional Budget Office, repealing the individual mandate could increase the number of uninsured Americans by 15 million and raise insurance premiums by 20 percent.

"The statement of the big six today revealed little about their true intentions, which is to craft a plan that will give massive tax breaks to millionaires and wealthy corporations at the expense of the middle class and working families", said Frank Clemente, executive director of Americans for Tax Fairness.

The other reality in the Senate is that Republican leaders aren't interested in getting rid of the filibuster, knowing that one day the Democrats will be in power, and ready to use that.

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