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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPossible (tentative) good news for those concerned about the loss of the medical deduction:
From a WaPo article which dealt mainly with the probable retention of the tax-free graduate student tuition waiver and other related deductions, this on the medical deduction:
Thune (R- N.D) said the medical expense deduction which allows families to deduct extraordinary medical treatment expenses above 10 percent of their income was also likely to be in the bill, a huge relief for millions of Americans living in nursing homes or fighting cancer or other chronic diseases. That deduction is a priority for some of our members, and we're trying to be responsive to that, Thune said. It was a big issue for [Sen. Susan Collins (R-Maine)] .?.?. I think she'll be happy with the way it comes out.
The tax bill that the House passed in November scrapped the medical deduction entirely, a move that would have caused a jump in taxes of thousands and in some cases tens of thousands of dollars for millions of middle-class families.
https://www.washingtonpost.com/news/grade-point/wp/2017/12/14/grad-tax-dead-student-loan-interest-deduction-saved-in-final-bill/?hpid=hp_hp-top-table-main_gradtax-335pm%3Ahomepage%2Fstory&utm_term=.41d277c44f62
Fred Sanders
(23,946 posts)marybourg
(12,633 posts)which is absolutely essential for my family, but his office had no info on it. I won't start to relax again until either this taxscam bill is thrown out -as it should be - or, much less desirable, passed with the deduction intact.
Fred Sanders
(23,946 posts)phrase into a fucking scandal?
Now we have a real scandal, lawmaking in the dark, and the media all o er gives not a ratfuckering care to this shocking pissing on us all.