Melissa Bean's Healthcare101 - Part 12 of 13

From the Palatine Tea Party…

In response to the letter Melissa Bean wrote to the constituents in district 8 dated April 16, 2010. We will respond to each of her statements Melissa Bean made based on emotion with factual responses where she stated the following:

“Taxpayers expect accountability”

To that we must state 2 things:

1.) President Obama promised us that “If your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.”

In reality, taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes in 2019 alone due to this new legislation, according to the Joint Committee on Taxation. The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

Taxpayers can currently deduct medical expenses in excess of 7.5% of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 % of AGI. Older taxpayers are hit by this threshold increase in 2017. Once the law is fully implemented in 2019, the Joint Committee on Taxation estimates the deduction limitation will affect 14.8 million taxpayers! 14.7 million of them earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households. Loss of this deduction will mean higher taxes for 14.7 million individuals and families making under $200,000 a year in 2019. For breaking this promise, we the taxpayers of Illinois WILL INDEED hold the President “accountable” in 2012.

2.) For making 400 of us tax payers stand outside your office in Schaumburg on a FREEZING COLD day in March and then STILL voting YES on this legislation, we WILL ALSO HOLD YOU “accountable” in November.

Palatine Tea Party

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