Tax Bill Provision Would Clobber Seniors

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Tax Bill Provision Would Clobber Seniors
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Repeal of the deduction was included in the House Republican tax measure , which is being debated by the Ways and Means Committee. An amendment to preserve the deduction -- and reduce the spending threshold from 10 percent to 7.5 percent of the taxpayer's income -- was rejected by the committee in a party-line vote. Senate Republicans could release their version of the tax bill as early as this week.

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