Republicans debate budget over tax deduction limits, health insurance

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Republicans debate budget over tax deduction limits, health insurance

//health-fitness.news-articles.net/content/2025/ .. -over-tax-deduction-limits-health-insurance.html

Published in Health and Fitness on Friday, May 16th 2025 at 14:03 GMT by WMUR

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

House Republicans are working to finalize a budget on President Donald Trump's agenda by next week, but competing demands over state and local taxes could delay its passage.

2025-05-16 312 x 176 / 21781 Bytes

House Republicans have proposed a budget that includes limiting tax deductions for high earners, which could impact employer-provided health insurance. The plan suggests capping the tax benefit for employer-sponsored health plans, potentially leading to higher taxes for those with comprehensive coverage. This proposal aims to reduce the federal deficit but has raised concerns about increasing healthcare costs for middle and upper-middle-class families. Critics argue that this could discourage employers from offering robust health plans, affecting the overall quality of healthcare benefits available to employees.

Read the Full WMUR Article at:
[ https://www.wmur.com/article/house-republicans-budget-tax-deduction-limits-health-insurance/64791252 ]