Budget & Appropriations/Tax Policy – House Committee Passes Tax Bill

On November 9, the House Ways and Means Committee voted along partisan lines to advance H.R. 1, the Tax Cuts and Jobs Act. The Arc opposes this bill because it would reduce revenue by $1.5 trillion over 10 years, thereby increasing pressure to cut Medicaid and other programs. In addition, The Arc opposes the measure’s disproportionate benefit to wealthy individuals and corporations and its repeal of expenditures that benefit people with disabilities – the medical and dental expense deduction, the work opportunity tax credit, and the disabled access tax credit. The bill also modifies Section 529 education savings accounts to cover elementary and high school expenses of up to $10,000 per year and removes income limits. Such a change would allow for wealthy individuals to receive a tax benefit for sending their child to private schools, which are not required to accept or provide a free and appropriate education to students with disabilities under the Individuals with Disabilities Education Act (read more here). Click here for a section-by-section summary of the Tax Cuts and Jobs Act and click here to read the statement from the Consortium for Citizens with Disabilities (CCD) Fiscal Policy Task Force on the bill’s advancement.

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