Nothing says Merry Xmas like the words "Repeal of credit for the elderly and permanently disabled"

[kpete]

Link to tweet

[SamKnause]

1. What the fuck does that mean ???

The elderly and disabled will be denied credit.

Our credit scores play no part in this ????

[hlthe2b]

2. umm... this is a TAX CREDIT

[SamKnause]

4. Please explain.

A tax credit for what ???

[hlthe2b]

6. Tax credits are deductions... like you or your friends get for each child

[SamKnause]

7. Thanks

[Maggiemayhem]

15. Income Taxes

Isuppose many vets will get screwed on this

[SamKnause]

16. Thanks

[dembotoz]

3. would assume some sort of deduction for the care of elderly and disabled not your credit score

[SamKnause]

5. Thanks

[Bengus81]

8. And a credit is a HELL of a lot better than a deduction........

A credit--unless that one was different would have been a dollar for dollar refund to tax payers not based on your income. These FUCKING Republicans aren't even human.

[mercuryblues]

11. It removes the deduction

for medical expenses, and adoption. AKA stealing from orphans and giving to trust fund babies. Trust fund babies will have the inheritance taxed lowered then phased out.

This bill is an abomination on humankind.

[rainin]

9. Repealed this.

https://www.irs.gov/credits-deductions/individuals/credit-for-the-elderly-or-the-disabled

[anneboleyn]

10. Can someone please help me understand what this actually means? We have family members who

might be affected. I read the link posted but I can’t make sense of it. I don’t know what this means practically speaking for their taxes.

[mercuryblues]

12. it removes the credit/deduction

for medical expenses. It also remove the credit for adoption. Steal from orphans and give it to trust fund babies.

[PatSeg]

13. Farther down in the Twitter thread,

it is indicated that this was removed from the bill that went to the floor.

I think everyone will be affected by this bill in one way or another. Only the wealthy will be affected in a positive way.

[Sunlei]

14. these "credits" are on the simple easy 1040 most mid-class people use, without them *you pay more!

*you pay more TAX- meaning disabled people, elderly people who survive on SS, medicare (taxable) "American citizen benefits" and perhaps have a few personal retirement accounts that are taxed when used.

[Maggiemayhem]

17. None of this stuff will be effective before the 2018 election

This is just a guess of mine. Will find out soon as people have time to read the bill

[oasis]

18. MAGgots will have to struggle along with the rest of us. They'll

whine but, those assholes have anything I want to hear. Ever.