WASHINGTON Rep. Virginia Foxx, R-N.C., has introduced legislation to prevent tax-favored health savings accounts from being used to fund elective abortion. Foxx, who represents N.C.’s 5th Congressional District and is chairwoman of the House Committee on Education and the Workforce, is an active and well-known pro-life voice in Congress.”Few things demean the sanctity of human life more than elective abortion,” said Foxx. “It is unconscionable to force millions of taxpayers who hold that view to provide tax advantages for abortion expenses, particularly when such advantages are barred for other controversial uses.”Individuals with high deductible health insurance plans are eligible to open health savings accounts. Contributions to the accounts are tax deductible while the interest or other earnings on the assets in the accounts are tax-free. Participants can withdraw funds from the accounts on a tax-free basis to cover qualified medical expenses. Congress has already established limits on withdrawals from health savings accounts by establishing qualified medical expenses. Certain procedures such as elective cosmetic surgeries have been excluded from eligibility. Similarly, H.R. 2019 removes elective abortion as a qualified medical expense. Rep. Chris Smith, R-N.J., is an original co-sponsor of the legislation.
RALEIGH Fresh off taking his oath of office shortly after midnight New Year’s day, Gov. Roy Cooper spoke before the 2017 Economic Forecast Forum in Durham Wednesday to offer three ideas to take the […]
GOLDSBORO – Police say that the Republican party headquarters in Wayne County was broken into and vandalized this week. The break in was reported on Thursday when it was discovered that intruders kicked in the […]
RALEIGH New Chairman of the Democratic National Committee Tom Perez is drawing rebuke from leading Democrats such as U.S.House minority leader Rep. Nancy Pelosi (CA) for recent comments declaring that support for abortion among […]