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 More of Gov. Roy Cooper’s cabinet picks took another step toward officially taking office. Michael Regan and Tony Copeland faced a Senate confirmation hearing to head the departments of Environmental Quality and Commerce, […]
SAN FRANCISCO – Facebook Inc said on Tuesday that 2 billion people are regularly using its flagship service, marching past another milestone in its growth from a college curiosity to the world’s largest social media […]
WASHINGTON, D.C. Republican presidential candidate Donald Trump said on Monday that health is an issue in the election campaign after his Democratic rival, Hillary Clinton, revealed she had pneumonia, and he said he would […]