GOP tax bill would eliminate medical expense deductions

[workinclasszero]

GOP tax bill would eliminate medical expense deductions
BY NATHANIEL WEIXEL - 11/02/17 12:21 PM EDT

The House Republican tax bill would eliminate the ability for individuals to deduct qualified medical expenses, a provision that could have major implications for households with extremely high health-care costs.

Under current law, the IRS allows individuals to deduct qualified medical expenses that exceed 10 percent of a person’s adjusted gross income for the year. The bill would repeal that itemized deduction, effective in 2018.

The cost to repeal the medical expense deduction is about $10 billion per year.

http://thehill.com/policy/finance/358437-gop-tax-bill-would-eliminate-medical-expense-deductions

[MineralMan]

1. Fuckers!

The only time in my life that I itemized deductions was the year I had $20k in medical expenses that insurance didn't cover.

[redstatebluegirl]

4. Me too, we used it the year I had back surgery and it was a big help because we had so much

out of pocket that year. What a bunch of numb nuts!

[BigmanPigman]

2. They want to kill AND bankrupt people.

[workinclasszero]

3. Kill and replace

With rich republicans of course.

[Hoyt]

5. Well, if he were considering full coverage single payer, that might work. Otherwise, it's punitive.

[Solly Mack]

6. So a clump of cells can have a college fund but the living can't get relief for medical expenses?

Typical right-wing thinking.

Fuck the living.

[sandensea]

16. Quit whinin' already!

We can't have our billionaires going without one of these, now can we.

[Solly Mack]

17. You're right, of course. I hadn't thought about it from their perspective.

Silly me.

[unblock]

7. have more in medical bills than 7.5% of your income, get a tax hike; win the lottery, get a tax cut!

because republicans are all about incentives!

[Vinca]

8. I can't see that ever getting through the Senate.

Do they want to lose older voters who are more likely to have deductible medical expenses? That's their base.

[Cattledog]

9. Death merchants.

[workinclasszero]

10. Republican death panels ready to go

Where are you now Caribou Barbie??

[democratisphere]

11. The redumbliCON tax redistribution bill will finish off what is left of the middle class.

[workinclasszero]

12. Their goal is to bankrupt and kill us all

While the ape in the white house provides his daily circus, the death of freedom and a middle class life accelerates.

[democratisphere]

13. The redumbliCON tax redistribution bill is owned by the entire GOP.

May they all burn in hell and lose bigly in 2018!

[workinclasszero]

14. Agree!

[Turn CO Blue]

15. Good grief this would kill me come tax time. Our premiums are about 27% of our income. n/t

[area51]

18. Kick for the night crew, n/t