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GOP tax bill draws fire from AARP, universities | TheHill

posted onNovember 26, 2017
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Article snippet: The tax bills that Republican leaders have put forward in the House and Senate have broad support from their members, from conservative activists and from business groups. But other stakeholders have been sounding alarm bells over provisions in the legislation.  Those groups are lobbying furiously for their preferred changes, but there’s no guarantee their requests will be heard, given that GOP lawmakers are aiming to move quickly and are hoping to get legislation enacted by Christmas. Here’s a rundown on who’s pushing back against aspects of the GOP’s tax plans. AARP The AARP has raised concerns about provisions in both the House and Senate bills, warning they would be harmful to older Americans. Both bills would increase the deficit and could trigger cuts to Medicare if Congress doesn’t waive sequestration rules for federal spending. The AARP is also concerned that many seniors would see their taxes go up under the bills. There are also provisions unique to the House and Senate bills that the group opposes. The AARP opposes the House’s push to repeal the deduction for medical expenses and the Senate’s push to repeal the ObamaCare individual mandate.  Housing industry Key groups in the housing industry took issue with the tax bills even before they were released, warning that they reduce incentives for homeownership.  Both bills would substantially increase the size of the standard deduction taxpayers can take. This would reduce the number of people who take the... Link to the full article to read more

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