[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2962 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2962

To repeal the tax increase imposed by Obamacare on taxpayers who incur 
                     catastrophic medical expenses.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 20, 2014

  Mr. Toomey introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To repeal the tax increase imposed by Obamacare on taxpayers who incur 
                     catastrophic medical expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Medical Expense Deduction Act''.

SEC. 2. REPEAL OF INCREASE IN MINIMUM DEDUCTION FOR MEDICAL, DENTAL, 
              ETC., EXPENSES.

    (a) In General.--Subsection (a) of section 213 of the Internal 
Revenue Code of 1986 is amended by striking ``10 percent'' and 
inserting ``7.5 percent''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2014.
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