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Politics : The Trump Presidency
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To: Alex MG who wrote (47448)12/4/2017 11:03:20 PM
From: neolib  Read Replies (1) of 362635
 
Well its consistent with the GOP tax plan, where one of the major sources of raising revenue to offset tax breaks for the wealthy and corporations is to eliminate the personal medical deduction. The estimates are that this raises cr 140B or so. Do note that this is an estimate of increased revenue by eliminating this deduction AFTER the effects of the new tax law, i.e. it includes the effect of the increased standard deduction (and offset by the loss of the personal exception).

So the GOP is turning to a source for $140B in increased revenue when that source are people paying high healthcare costs in a given year. Its literally kicking people who are under duress.

Its roughly the equivalent of saying taxing hurricane victims when they get randomly hit. Why not do that as well?
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