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.
WASHINGTON, D.C. President Donald Trump warned Republican lawmakers Tuesday that voters will remember if they do not approve a plan dismantle Obamacare, as pressure grew on the businessman-turned-politician to win the first major legislative […]
RALEIGH — North Carolina Supreme Court Chief Justice Mark Martin delivered his State of the Judiciary address Saturday in Asheville to the North Carolina Bar Association (NCBA), highlighting recommendations made by the N.C. Commission on […]
CHARLOTTE North Carolina’s top safety official has appealed to the public and the media not to rush to judgment over the fatal shooting of a deaf driver by a Highway Patrol trooper until an […]