Political Quotes

“Mr. President, I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To amend the Internal Revenue Code of 1986 to extend the special rule for seniors relating to the income level for deduction of medical care expenses, and for other purposes) At the appropriate place, insert the following: SEC. ___. EXTENSION OF SPECIAL RULE FOR SENIORS RELATING TO INCOME LEVEL FOR DEDUCTION OF MEDICAL CARE EXPENSES. Subsection (f) of section 213 of the Internal Revenue Code of 1986 is amended to read as follows: ``(f) Special Rule.--In the case of any taxable year beginning after December 31, 2012, and ending before January 1, 2024, subsection (a) shall be applied with respect to a taxpayer by substituting `7.5 percent' for `10 percent' if such taxpayer or such taxpayer's spouse has attained age 65 before the close of such taxable year.''. SEC. __. TEMPORARY SUSPENSION OF THE INFLATION ADJUSTMENT IN THE CALCULATION OF MEDICARE PART B AND PART D PREMIUMS. Section 1839(i)(5) of the Social Security Act (42 U.S.C. 1395r(i)(5)) is amended-- (1) in the matter preceding clause (i), by striking ``2018 and 2019'' and inserting ``in 2018 through 2025''; and (2) in clause (ii), by striking ``2020, August 2018'' and inserting ``2026, August 2024''.”