Kate Zernike and Abby Goodnough
The New York Times
Ending the medical tax break could be a ‘gut punch’ to the majority of the country. Eliminating the medical-expense deduction would end a source of relief that has helped millions of people cope with steep medical costs in a country without comprehensive, universal health coverage.
Under legislation proposed by Sen. Bernie Sanders (I-VT) and Rep. Jan Schakowsky (D-IL), corporations would pay U.S. taxes on their offshore profits as they are earned. The legislation would take away the tax incentives for corporations to move jobs offshore or to shift profits offshore because the U.S. would tax their profits no matter where they are generated.
Spread the word