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Ryan McCrimmon
House Ways and Means is now marking up a bill to let taxpayers write off up to $1000 per year on gym memberships, fitness classes + other exercise efforts. JCT says it'd cost $3.5 billion over 10 years
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Ryan McCrimmon Jul 11
Replying to @RyanMcCrimmon
Sportswear brands like Nike and Fitbit have lobbied for the bill. Lots of health groups back it. Supporters hope a modest tax deduction will get more Americans off the couch and into a gym
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Ryan McCrimmon Jul 11
Replying to @RyanMcCrimmon
Also, certain activities don't count as "qualified sports and fitness expenses" under the bill: horseback riding, golf, sailing and hunting
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Ryan McCrimmon Jul 11
Replying to @JHWeissmann
Personal Health Investment Today (PHIT) Act. HR 6312
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