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H. Rept. 114-657 1 (2016-07-05)

handle is hein.congrecreports/crptxrrm0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-657 HALT TAX INCREASES ON THE MIDDLE CLASS AND SENIORS ACT JULY 5, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. BRADY of Texas, from the Committee on Ways and Means, submitted the following REPORT together with DISSENTING VIEWS [To accompany H.R. 3590] [Including cost estimate of the Congressional Budget Office] The Committee on Ways and Means, to whom was referred the bill (H.R. 3590) to amend the Internal Revenue Code of 1986 to re- peal the increase in the income threshold used in determining the deduction for medical care, having considered the same, report fa- vorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the Halt Tax Increases on the Middle Class and Seniors Act. SEC. 2. REPEAL OF INCREASE IN INCOME THRESHOLD FOR DETERMINING MEDICAL CARE DEDUCTION. (a) IN GENERAL.-Section 213(a) of the Internal Revenue Code of 1986 is amended by striking 10 percent and inserting 7.5 percent. (b) CONFORMING AMENDMENTS.- (1) Section 213 of such Code is amended by striking subsection (f). (2) Section 56(b)(1)(B) of such Code is amended by striking without regard to subsection (f) of such section and inserting by substituting '10 percent' for '7.5 percent'. (c) EFFECTIVE DATE.-The amendments made by this section shall apply to tax- able years beginning after December 31, 2015. 59-006

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