Perhaps we shouldn't be concerned with the House Republicans' proposed tax bill. With no Democratic support, a slim Republican majority in both houses, and a somewhat more moderate Republican majority in the Senate, it is unlikely to become law in its current form, if at all. On the other hand, the Republicans need a victory and will do everything they can to pass the law in something close to its current form.
So, what does it mean for seniors and people with disabilities? The two largest impacts would probably result from the projected loss of tax revenue and the elimination of the medical expense deduction.Read More