Republican House Representative Scott Tipton voted November 16 to increase the national debt by $1.4 trillion dollars and eliminate tax deductions that will create hardship for many of his constituents. Tipton voted in favor of HR-1 (pdf), a tax reform bill that
- Adds an estimated $1.4 trillion to the national debt over 10 years
- Ends the tax deduction for mortgage interest
- Scraps the tax deduction for medical expenses
- Ends the deduction for alimony payments
- Ends the deductibility of moving expenses
- Terminates deductions for contributions to medical savings accounts
- Ends the deduction for the costs of providing access for disabled individuals
- Repeals the deduction for the cost of professional tax preparation
- Repeals the deduction for personal loss of property due to fire, storm, theft, etc.
- Eliminates the deduction for state and local income and sales taxes
- Repeals the student loan interest deduction
- Cuts taxes on wealthy heirs comprising the top .02% of wealthiest Americans
- Makes tax cuts for corporations permanent, but makes tax cuts for individuals only temporary
Read more and find a link to the entire bill text here.