the Committee on Rules has quite possibly wiped out the last chance to get a meaningful deduction for those millions of Americans struggling every month to pay their own health insurance. I offered an amendment which would have allowed 80 percent of the premium to be deducted and would have paid for it by limiting the child tax credit in the Republican bill to families earning up to $80,000. If we would have foregone this tax credit for families earning 6-figure incomes, up to $250,000, we could have fully funded this vital deduction. For me, it is a matter of priorities. I think it is much more important for Congress to help families afford the coverage they need to get their children health insurance than to give this tax break to themselves and other families earning in the 6-figure range. It underscores what this Republican tax bill is all about: Helping the rich, and sticking it to middle-income working Americans.
Editor's note · Context
Discussing the impact of a Republican tax bill on health insurance deductions for middle-income families.
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