More on Tax Policy
Washington – Today, Rep. John B. Larson (CT-01), voted in favor of the Consolidated Appropriations Act of 2016 that will fund the government for the next year and prevent another shutdown.
Washington – Today, the House of Representatives voted to renew the charter of the Export-Import Bank, which expired on June 30, 2015, through a rarely-utilized procedure known as a discharge petition. Rep. John B. Larson (CT-01) released the following statement:
Washington – This week Rep. John B. Larson (D-CT) and Rep. Dave Reichert (R-WA) introduced the Volunteer Responder Incentive Protection Act of 2015 (VRIPA), a bipartisan bill that would provide a tax emption on the benefits volunteer firefighters and emergency medical services (EMS) personnel receive from their communities. Larson authored a similar bill that was signed into law in 2007, but the exemption expired in 2010. Currently, volunteers must pay federal income tax on these modest incentives.