The Washington Post: Health Care Is Shockingly Expensive. Why Can’t You Deduct It?

My proposal won’t add much to the $22 trillion national debt, relatively speaking. According to an AARP fact sheet, the Institute on Taxation and Economic Policy estimated that lowering the threshold from 10 percent to 7.5 percent would cost $1.2 billion in 2019. It will unquestionably cost more than that to eliminate the threshold for many more taxpayers. Budget hawks (if they still exist) in Congress probably could pay for the benefit by clamping down on tax breaks that enable corporations to deduct the cost of plush private jets. Read more