I don't/can't work and have no taxes to pay. So of what use is the tax deduction? This seems targeted to the upper 20% of income brackets? That's going to go over well. /sarc
It's a legit issue. Two families pay $1000 for insurance, but one family doesn't make enough to qualify for the tax deduction. So it ends up paying that $1000, whereas a wealthier family ends up paying $600+ or whatever rate they end up with after all their deductions. If the plan doesn't include a refundable credit, it's not merely regressive - it's actually unfair.
The current law is even more restrictive as to who gets the deduction. I think any GOP bill should phase out all health plan deductibility.
We pay over $2k a month in health insurance premiums. The deduction would be radical good to us.
The point here is that employer provided insurance is tax free income. If you pay for your own healthcare, it isn't automatically tax deductible.
Half the country doesn’t work or pay taxes.