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.
LUMBERTON, N.C. – Donald Trump’s N.C. campaign operation detoured from its scheduled stumping route for two days to help out and deliver supplies to areas hard hit by the flood last week. In Lumberton, Trump’s […]
RALEIGH — After a day-long debate, the N.C. House passed its version of the $22.9 billion state budget in an 82-34 vote late Thursday night. Republicans praised the economic success the state has experienced under […]
WASHINGTON, D.C. A U.S. intelligence contractor has been charged with leaking to a news organization classified National Security Agency material about Russian effort to interfere in the 2016 American presidential election, the Justice Department […]