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Rep. Tom Graves Votes to Repeal Obamacare Tax Increase on Seniors


Washington, September 13, 2016 - Rep. Tom Graves (R-GA-14) today voted for and the House passed the Halt Tax Increases on the Middle Class and Seniors Act (H.R. 3590), which repeals an Obamacare tax increase on seniors with high medical expenses.

“Senior citizens with expensive medical bills should not be forced to pay more taxes to help prop up the president’s failed healthcare law,” said Rep. Graves. “What’s especially terrible about this tax is that it hits seniors who are already paying high medical costs, meaning it targets people who are likely suffering with an illness or injury. I hope the president will join us in shielding seniors from this devastating financial blow, which is set to take effect January 1, 2017.”

Background

Individuals 65 and over can claim a tax deduction for unreimbursed medical expenses above a certain income threshold. Obamacare raises this threshold from 7.5 percent of one’s adjusted gross income to 10 percent, effectively raising taxes on seniors with high medical expenses. H.R. 3590 permanently keeps the threshold at 7.5 percent of adjusted gross income. 

Repealing this tax increase will help the 10 million seniors who claim this deduction.

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