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The clipping this text was read from
The clipping this text was read from

for investment. There are two areas that are particularly troublesome, the treatment of depreciation and capital gains.

“Finally, I have reservations about the raising of the ‘floor’ for the deduction of medical expenses. The conference report increases the level from 5 percent of gross income to 7.5 percent. These expenses are not chosen and there is little control that individuals have over these costs.

“These concerns notwithstanding, I believe the good outweighs the bad and this tax reform bill should be adopted.”

“Eighty percent of our taxpayers will pay 15 percent and no more. Six

96.9%