Wednesday, April 6, 2011
U.S. House Moves to Cut Tax Breaks for Abortion
U.S. House Moves to Cut Tax Breaks for Abortion: The Republican-controlled House Ways and Means Committee has approved a measure that would take away the tax incentive for abortion. H.R. 1232, which is a companion bill to the much lauded “No Taxpayer Funding for Abortion Act” sponsored by Representatives Chris Smith (R-NJ) and Dan Lipinski (D-IL), passed through the committee on a party-line 22-14 vote on March 31, and now heads to the full House of Representatives. The measure would prevent individuals from deducting the cost of an abortion from their taxable income, using tax credits to pay for health plans that cover abortions, or even spending funds in tax-free health savings accounts to pay for the procedure.
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