The U.S. House of Representatives and the U.S. Senate have each passed different versions of tax reform legislation; differences that needed to addressed in a House-Senate conference. Earlier this week, House and Senate Republicans came to agreement on a final tax package which is expected to be voted on in both chambers next week.
NOW is the time to write your legislators and urge them to vote against any final tax package that doesn’t include and prioritize the needs of families impacted by paralysis. Enter your information in the boxes to the right to send a message to your legislators urging them NOT to include these harmful provisions.
Reports indicate that the final bill eliminates the Affordable Care Act’s (ACA) individual mandate, which would leave as many as 13 million low- and middle-income Americans without insurance over the next decade, including five million individuals now receiving Medicaid. It would also cause premiums to rise by about 10 percent for most of the next decade. The bills also pose a significant threat to Medicaid’s long-term stability, as they would increase the federal deficit by $1.5 trillion. In order to pay for these reductions, Congress may cut spending across Medicaid, Medicare, Supplemental Security Income (SSI), and other critical programs.
At this time, it's unclear if a provision that eliminates a deduction small businesses can get on any improvements they make to their facilities to make them more accessible is in the final bill. This credit has been vital for pushing back against (while providing a financial incentive to) businesses that claim it’s too expensive to comply with the Americans with Disabilities Act (ADA), despite having more than 26 years to become compliant.
Fortunately, the final bill will not impact the ability of a taxpayer to deduct medical expenses for themselves and dependents that exceed more than 10 percent of their adjusted gross income. In fact, the final bill language slightly improves the medical deduction, allowing expenses that exceed 7.5 percent of adjusted gross income, but for only two years.
Please enter your information to the right and urge your legislators to eliminate these provisions as they finalize this legislation. It will take you just two minutes, but can make a big difference. Thank you for your continued advocacy efforts.