The House Votes to Roll Back Obamacare Tax Write-off Threshold

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The House Votes to Roll Back Obamacare Tax Write-off Threshold

Sep, 14th 2016

The House voted overwhelmingly Tuesday to roll back what Republicans call an Obamacare-induced "tax hike."

The House vote of 261-147 passed a bill that would keep intact the threshold for determining how much a taxpayer can deduct from his tax return for medical expenses. The vote drew a veto threat from the White House.

Currently, people under 65 years old can deduct medical expenses that exceed 7.5 percent of their adjusted gross income. The Affordable Care Act would increase the threshold to 10 percent.

The bill would keep the threshold at 7.5 percent.

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