Thursday, November 2, 2017

First Obama Care and Now Trump Tax! The Poor Middle Class.

If one reads the new Tax Bill the following will be terrifying. Take the poor family facing massive healthcare costs from Obama Care and then a health crisis. Take a child with leukemia. Now not only are your insurance premiums exploding but you can no longer deduct the cost of trying to keep your child alive. This is about as evil as one can get. First they increase your healthcare then they tax you for it! This is Goldman Sachs at work! What middle class tax cut? This is a Bill which loads the middle class with the burden while allowing the 1% to get even more! This is H.R. 1 and good old Brady! Let's all kick the poor folks when they are down! Where is Robespierre!

4 SEC. 1308. REPEAL OF MEDICAL EXPENSE DEDUCTION.
5 (a) IN GENERAL.—Part VII of subchapter B is
6 amended by striking by striking section 213 (and by strik7
ing the item relating to such section in the table of section
8 for such subpart).
9 (b) CONFORMING AMENDMENTS.—
10 (1)(A) Section 105(f) is amended to read as fol11
lows:
12 ‘‘(f) MEDICAL CARE.—For purposes of this section—
13 ‘‘(1) IN GENERAL.—The term ‘medical care’
14 means amounts paid—
15 ‘‘(A) for the diagnosis, cure, mitigation,
16 treatment, or prevention of disease, or for the
17 purpose of affecting any structure or function
18 of the body,
19 ‘‘(B) for transportation primarily for and
20 essential to medical care referred to in subpara21
graph (A),
22 ‘‘(C) for qualified long-term care services
23 (as defined in section 7702B(c)), or
24 ‘‘(D) for insurance (including amounts
25 paid as premiums under part B of title XVIII
1 of the Social Security Act, relating to supple2
mentary medical insurance for the aged) cov3
ering medical care referred to in subparagraphs
4 (A) and (B) or for any qualified long-term care
5 insurance contract (as defined in section
6 7702B(b)).
7 In the case of a qualified long-term care insurance
8 contract (as defined in section 7702B(b)), only eligi9
ble long-term care premiums (as defined in para10
graph (7)) shall be taken into account under sub11
paragraph (D).
12 ‘‘(2) AMOUNTS PAID FOR CERTAIN LODGING
13 AWAY FROM HOME TREATED AS PAID FOR MEDICAL
14 CARE.—Amounts paid for lodging (not lavish or ex15
travagant under the circumstances) while away from
16 home primarily for and essential to medical care re17
ferred to in paragraph (1)(A) shall be treated as
18 amounts paid for medical care if—
19 ‘‘(A) the medical care referred to in para20
graph (1)(A) is provided by a physician in a li21
censed hospital (or in a medical care facility
22 which is related to, or the equivalent of, a li23
censed hospital), and
1 ‘‘(B) there is no significant element of per2
sonal pleasure, recreation, or vacation in the
3 travel away from home.
4 The amount taken into account under the preceding
5 sentence shall not exceed $50 for each night for each
6 individual.
7 ‘‘(3) PHYSICIAN.—The term ‘physician’ has the
8 meaning given to such term by section 1861(r) of
9 the Social Security Act (42 U.S.C. 1395x(r))....


And if you like this one you will like the next!

19 SEC. 1309. REPEAL OF DEDUCTION FOR ALIMONY PAY20
MENTS.

21 (a) IN GENERAL.—Part VII of subchapter B is
22 amended by striking by striking section 215 (and by strik23
ing the item relating to such section in the table of section
24 for such subpart).

Perhaps the President did not see this part.

So what is worse. Forcing you to buy something you do not want or taxing you for the thing you had to buy that you did not want!