HR 1495

Purpose: To amend the IRS Code of 1986 to make health care coverage more accessible and affordable.

Dr. Ron Paul introduced this bill which was referred to the Committee on Ways and Means

Health Insurance costs: a. CRDEIT 1. the amount paid by the taxpayer for insurance which constitutes medical care for the taxpayer and the taxpayer's spouse and dependents
plus 2. the amount contributed to a health savings account of the individual
b. LIMITATION 1. the taxpayer's net income tax
plus 2. the taxpayer's social security taxes

Disposition of unused health benefits: carried forward to the next year (no loss)

Strengthening Health Savings Accounts: the amount allowable as a deduction to a taxpayer under subsection (a) for the taxable year shall not exceed $8000 or $16000 for a joint return

REPEAL OF 7.5% THRESHOLD ON DEDUCTION FOR MEDICAL EXPENSES!

COMMENT: Immediately, anyone who works benefits from the above proposed changes. This is the 1st of a series of bills that Dr. Ron Paul will introduce to the House to take on the health care issue, bypassing Obama's proposal for health care. Write your congressman now to support this bill.