Business groups split over healthcare repeal legislation

The much smaller, left-leaning Main Street Alliance issued a statement blasting the business groups' support for repealing the health insurance tax, a top priority for the insurance lobby.

"This looks like another case of small business identity theft – hiding behind small business arguments to defend big insurance profits, just like when health insurers secretly funneled $86 million to the U.S. Chamber in 2009 to fund attacks on health reform in the name of the business community," said Main Street Alliance executive committee member David Borris. "We'd like to know, are the insurance companies bankrolling this latest campaign, too?"

Kyl's bill would also repeal restrictions on high-deductible health insurance plans and flexible spending accounts. Sens. John BarrassoJohn Anthony BarrassoTrump’s infrastructure plan may slip to next month Overnight Finance: Trump, lawmakers take key step to immigration deal | Trump urges Congress to bring back earmarks | Tax law poised to create windfall for states | Trump to attend Davos | Dimon walks back bitcoin criticism Trump's infrastructure team to huddle with senators MORE (R-Wyo.), Richard BurrRichard Mauze BurrNSA spying program overcomes key Senate hurdle Senate Intel chairman: No need for committee to interview Bannon McConnell: Russia probe must stay bipartisan to be credible MORE (R-N.C.) and Tom CoburnThomas (Tom) Allen CoburnRepublicans in Congress shouldn't try to bring back earmarks Republicans should know reviving earmarks is a political nightmare Former GOP senator: Trump has a personality disorder MORE (R-Okla.) are co-sponsors.

Correction: The bill does not allow self-employed Americans to deduct healthcare costs, as stated earlier.