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.
McCrory blasts NCAA for political retaliation, calls for patience as court considers HB2 and overreach suit
RALEIGH Gov. Pat McCrory issued the following statement on the NCAA’s move to pull championship games from N.C. because of House Bill 2.”The issue of redefining gender and basic norms of privacy will be […]
WASHINGTON, D.C. The U.S. Supreme Court on Monday handed a victory to President Donald Trump by allowing his temporary ban on refugees with no strong ties to the U.S. and travelers from six countries […]
LAS VEGAS Republican candidate Donald Trump on Wednesday would not commit to accepting the outcome of the Nov. 8 U.S. presidential election if he loses, challenging a cornerstone of American democracy and sending shockwaves […]