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.
CHICAGO – The U.S. Department of Agriculture has started testing all shipments of raw beef and ready-to-eat products from Brazil for pathogens, an agency spokeswoman said on Monday, as fallout from a meatpacking industry scandal […]
WASHINGTON, D.C. U.S. President Donald Trump said on Thursday that renegotiating the North American Free Trade Agreement with neighboring Canada and Mexico was “very possible,” but he threatened to scrap the pact if the […]
ASHEVILLE A protester was punched at a campaign rally for Donald Trump in North Carolina as the Republican presidential candidate decried his Democratic rival Hillary Clinton for dismissing his supporters as “deplorables.” “Never in […]