A present we don’t want
Recently, the Senate and House passed two different tax reform bills that would impact people with mental illness. Senate and House leaders are now working out what they want in a final tax reform bill.
We need your help.
There are 3 things that could end up in the final tax bill that hurt people with mental illness:
- Higher health insurance costs. If the final bill removes fines for people who do not have health insurance (also known as the individual mandate), this will increase the number of uninsured Americans by an estimated 13 million. When fewer healthy people are insured, premiums increase—making insurance less affordable for people with mental health conditions.
- No more tax deductions for medical expenses. Repealing the medical expense deduction—which can include the costs of visits to psychiatrists, inpatient stays, and medications—would harm people, including people with serious mental illness, who have very high medical expenses.
- Less affordable housing. Too many people with mental illness lack affordable housing. A repeal of the tax exemption on private activity bonds would result in an estimated 950,000 fewer units of affordable rental housing. This will cause even greater challenges for people with serious mental illness who rely on Section 811 housing.
We can’t let this happen. Tax reform shouldn’t hurt people with mental illness.
Tell your members of Congress this is one present you don’t want this holiday season.