Congress passes health care reconciliation bill

The House passed the second part of the health care reform legislation late Thursday, amending portions of the Patient Protection and Affordable Care Act, which was signed Tuesday, as well as adding new provisions. The Senate passed the reconciliation bill earlier Thursday. The bill contains many tax items, including amending the premium assistance credit and the excise tax for those who don't purchase insurance, allowing dependents up to age 27 to be covered by a parent's health insurance and taxing net investment income.

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