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.
NEW YORK – The Clinton Global Initiative filed paperwork this week saying that it is closing its doors. At least 22 employees will be laid off on April 15, or possibly redirected into other Clinton […]
RALEIGH Three more top level employees of the Democratic National Convention have stepped down in the wake of the 20,000 leaked emails. Party CEO Amy Dacey, CFO Brad Marshall and communications director Luis Miranda […]
ST. LOUIS A defiant Donald Trump said Hillary Clinton would go to jail if he were president and attacked her husband for his treatment of women in a vicious presidential debate less than a […]