Political Quotes

“Mr. Speaker, pursuant to House Resolution 858, I call up the bill (H.R. 3590) to amend the Internal Revenue Code of 1986 to repeal the increase in the income threshold used in determining the deduction for medical care, and ask for its immediate consideration. The Clerk read the title of the bill. The SPEAKER pro tempore. Pursuant to House Resolution 858, the amendment in the nature of a substitute recommended by the Committee on Ways and Means, printed in the bill, is adopted, and the bill, as amended, is considered read. The text of the bill, as amended, is as follows: H.R. 3590 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Halt Tax Increases on the Middle Class and Seniors Act''. SEC. 2. REPEAL OF INCREASE IN INCOME THRESHOLD FOR DETERMINING MEDICAL CARE DEDUCTION. (a) In General.--Section 213(a) of the Internal Revenue Code of 1986 is amended by striking ``10 percent'' and inserting ``7.5 percent''. (b) Conforming Amendments.-- (1) Section 213 of such Code is amended by striking subsection (f). (2) Section 56(b)(1)(B) of such Code is amended by striking ``without regard to subsection (f) of such section'' and inserting ``by substituting `10 percent' for `7.5 percent' ''. (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2015. The SPEAKER pro tempore.…”