Tax Bill is Ill-Conceived

Regulation | December 20, 2017 | by LeadingAge Advocacy Team

This tax legislation, H.R. 1, is ill-conceived. LeadingAge is concerned about the impact it will have on the federal budget and the availability of resources for Medicaid, Medicare, senior housing, and other public programs serving older adults.

Nevertheless, we are pleased that the medical expense deduction – of great importance to older adults – and tax-exempt private activity bonds, which are crucial to nonprofit providers who serve older adults, were preserved in the final language of the legislation. Our members, as well as the residents and clients they serve, advocated intensely in favor of these tax provisions and we are pleased that Congress heard us and has left them in place.

As Congress turns to budget and spending bills for the coming years, we are committed to redoubling our efforts to ensure that our members have the necessary resources to provide services to those who need them.