Tax Bill Deal Repeals Individual Mandate, Keeps Medical Expense Deduction; Votes Planned Next Week

The preliminary tax deal hammered out by House and Senate GOP leaders includes the Senate provision to repeal the ACA's individual mandate, and is expected to lower the medical expense deduction threshold to 7.5 percent of income as proposed by the Senate, whereas the House would have scrapped the deduction. The text of the final deal will be unveiled by the conference committee on Friday (Dec. 15), House Ways & Means Chairman Kevin Brady (R-TX) said at an open conference...