The Tax Cut and Jobs Act (TCJA) is now officially law. Both the House and Senate passed the new tax reform bill in December with straight party-line votes and no support from Democrats. President Trump signed it into law right before Christmas. It is the first overhaul of the tax code in more than 30 Read Full Article
Article Category Current Events
[From an article prepared by ElderLaw Answers.com and reproduced here with permission]. The tax plan put forward by the Republican-led House of Representatives would eliminate many current deductions, and getting rid of one of them in particular could deal a serious financial blow to seniors and individuals with disabilities. The plan proposes eliminating the medical Read Full Article
Senate Republicans unveiled their long-awaited health care overhaul proposal on Thursday (June 22, 2017). The Senate bill, called the “Better Care Reconciliation Act,” would repeal major parts of the Affordable Care Act (ACA), also known as Obamacare. The broad outlines of it look a lot like the House bill, the American Health Care Act, which was passed Read Full Article
Below is a summary of the key provisions of the The American Health Care Act (AHCA), narrowly passed by the House of Representatives in early May, 2017. It is now pending in the U.S. Senate: The House of Representatives narrowly passed this bill in early May, by a margin of 217 to 213, with 20 Republicans Read Full Article