I emailed my congressman (R) this morning and pointed out that while I support any corporate cuts (which I believe will be recouped by increased business receipts) the seniors (who are very heavy R and almost always vote) are being put in a catch-22 situation. The medical deduction and the charitable gift deduction, when coupled with limits on property taxes, are going to be a big hit at a time that they must take money from their 401's, IRA's etc. And no more personal exemption.
That is also going to impact couples with large families.
The medical deduction for seniors has never even been met by me or any of my friends———it’s minimal and most of our med costs are covered by Medicare.
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