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.
AUSTIN, Texas A U.S. judge on Wednesday approved a deal reached between Texas and civil rights groups to remedy a voter identification law that was found to be discriminatory and in violation of the […]
RALEIGH Hurricane Matthew claimed seven lives in N.C. as it whipped trees and raised water across the state overnight Saturday. Families are waking up to the sound of chainsaws as crews work to free […]
WASHINGTON, D.C. National media outlets are calling for The Clinton Foundation, the family philanthropy organization of Democratic U.S. presidential candidate Hillary Clinton, to be shut down. This after an Associated Press article revealed that […]