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CousinIT

(9,256 posts)
Tue Nov 14, 2017, 05:19 PM Nov 2017

While we're all watching Sessions lie, GOP is f*cking us up the a$$ w/ "tax reform"

Senate votes THIS WEEK.

Have you called your Senator and Rep today and EVERY DAY asking them to vote NO?

202-224-3121

GOP Tax and Budget Plans Will Destroy Finances of Average Americans With Sick Elders or Family Members With Disabilities

The House and Senate Republican tax bills continue the GOP’s war on financially vulnerable Americans, underscoring yet again that the GOP will stop at nothing to take away benefits from any person, in any state, who might vote blue.

Both chambers’ slightly differing proposals eliminate the current federal income tax deduction for state and local taxes, hitting hard at blue high-tax states such as New York, New Jersey, Illinois and California, and amounting to a big transfer of wealth to lower-tax red-state America. In addition, the mean-spirited and brazenly partisan fine print would deny deductions for fire and earthquake victims (California), but keep them for hurricane losses (Florida and Texas).

But most of all, the poster child for the GOP’s latest version of “I’ve got mine, go get yours” public policy is the House bill’s proposal to end a federal income tax deduction for medical expenses if those costs exceed 10 percent of one's adjusted gross income. Should that measure, or some version of it, emerge in the final bill—such as imposing a cap limiting deductions—it would be devastating to households with disabled family members or those who incur high medical costs, such as seniors or children.

“By taking away medical deductions from personal income taxes, the Republican proposal would hurt older citizens with greater medical needs, people with disabilities and chronic medical conditions, and families with children who have congenital or genetic disorders and disabilities,” said a fact sheet from Sen. Bob Casey, D-PA, the top Democrat on the Senate Special Committee on Aging. “Almost 8.8 million households claimed the medical deduction in 2015. The average deduction claimed was close to $10,000 and the cost of deducting long-term care could be ten times that amount.”


https://www.alternet.org/economy/op-tax-and-budget-plans-will-destroy-finances-average-americans-whose-families-have-sick-or
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While we're all watching Sessions lie, GOP is f*cking us up the a$$ w/ "tax reform" (Original Post) CousinIT Nov 2017 OP
so what... AZ8theist Nov 2017 #1
Absolutely! Not just as individuals, but with a $1.5 trillion Alice11111 Nov 2017 #2
K&R... spanone Nov 2017 #3
Theyre jamming thru on reconciliation what can be done ... you can try calling Fullduplexxx Nov 2017 #4
Oh please, alerter. demmiblue Nov 2017 #5
They are trying to thin down the herd, big time. LiberalLoner Nov 2017 #6
DISTRACTION!!! Working class will be badly harmed by the tax bill with cuts coming to Medicare, etc. FreeStateDemocrat Nov 2017 #7

Alice11111

(5,730 posts)
2. Absolutely! Not just as individuals, but with a $1.5 trillion
Tue Nov 14, 2017, 05:29 PM
Nov 2017

debt for our grandchildren, while they get rid of the relatively small estate tax for their hiers.

Fullduplexxx

(7,868 posts)
4. Theyre jamming thru on reconciliation what can be done ... you can try calling
Tue Nov 14, 2017, 05:52 PM
Nov 2017

Vulnerable con senators. But other than that..... ?

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