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In Congress: tax deduction for out-of-pocket medical expenses.

In terms of floor activity, the House of Representatives is scheduled to day, with votes expected on 19 bills that will be considered under suspension of the rules. The suspension package includes legislation reported out of the Foreign Affairs, Veterans Affairs, Natural Resources, and the Energy and Commerce Committees.

On Tuesday, members will take up three additional bills under suspension of the rules, including H.R. 3590, the Halt Tax Increases on the Middle Class and Seniors Act, legislation that would roll back changes scheduled to take place in 2017 under the Affordable Care Act to the tax deduction for out-of-pocket medical expenses. Under current law, taxpayers can deduct medical expenses which exceed 7.5 percent of their adjusted gross income for an individual year. Under the Affordable Care Act, this threshold is scheduled to increase to 10 percent of AGI in 2017. H.R. 3590 would amend the Internal Revenue Code to preserve the threshold at 7.5 percent of AGI.


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Martin Milita

Martin Milita is a Senior Director at Duane Morris Government Strategies, LLC. Duane Morris Government Strategies (DMGS) supports the growth of organizations, companies, communities and economies through a suite of government and business consulting services. The firm offers a range of government relations and public affairs services, including lobbying, grant writing; development finance consulting, media relations management, grassroots campaigning and community outreach. Milita works at the firm’s Trenton and Newark New Jersey offices. Visit his blog at: https://martinmilita1.wordpress.com Follow him on twitter: @MartinMilita1 https://www.facebook.com/martin.milita http://www.dmgs.com/ BLOGROLL Martin Milita – About.me Martin Milita :: Pinterest Martin Milita @ Twitter Martin Milita at Slideshare Martin Milita on Google+ Martin Milita Yola Site Martin Milita | Xing

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