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The reason tax reform has stalled? Obamacare

November 15, 2013

Who is as upset as the president about the latest round of problems with Obamacare?

Ways and Means Committee Chairman Dave Camp.

The Republican Representative from Michigan reportedly is champing at the bit to release his long-awaited tax reform bill. Many of his GOP colleagues, however, want him to hold off.

Why? They're getting great political mileage out of the latest Affordable Care Act snafu.

Missed original enrollment opportunity: Republicans weren't able to make political hay when folks were frustrated by problems at the opening of the federal health care exchange on Oct. 1.

That was because Republicans themselves blocked the sun from shining on the health care sign-up issues.

When the GOP's Tea Party members forced the federal government shutdown last month, Capitol Hill, the media and most Americans focused instead on the government closure. Only after all of Uncle Sam's offices reopened on Oct. 17 did the health care enrollment issues captivate the general American consciousness.

Another shot for opponents: The latest misstep, the president's oversimplified "you can keep your health insurance if you like it" promise, now is playing out very messily for Obama and his fellow Democrats.

Democratic members of Congress who fear the insurance issue could cost them their jobs are freaking out. Meanwhile, Obama's repeated apologies and backtracking are irritating staunch supporters of the health care reform law.

Republican strategists don't want anything taking the spotlight off these Obamacare and Democratic troubles.

So they are urging Camp to hold off on taking his tax reform efforts public.

Time slipping away: Camp has complied … so far.

But given that the Congressional working days available for the rest of the year are dwindling, he might decide to go ahead and put his tax reform ideas out there sooner than some of his Republican colleagues would like.

The Ways and Means chairman believes that his fellow lawmakers can multitask when it comes to key policy and political issues.

"You have to be able to walk and chew gum at the same time," Camp told Politico. "You’ve got to do more than one issue. I mean, it is the Congress of the United States."

Given what we've seen from Congress of late, I'm not so sure of that, Chairman Camp.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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