There has been a lot of talk lately about “closing tax loopholes,” with particular attention paid to the tax treatment of corporate jets and oil companies. To be sure, the tax code could certainly use some simplification (ACLJ Chief Counsel Jay Sekulow can speak to this, given his prior experience as a tax trial attorney in the Office of the Chief Counsel for the Internal Revenue Service). However, in typical partisan fashion, the loopholes that are being targeted have far more to do with politics than sound policy.
For example, despite the fact that polls consistently show that Americans do not want to fund abortions with their tax dollars, did you know that elective abortions are tax-deductible? Yes, you heard that correctly…abortions have their very own tax loophole.
Section 213 of federal tax code allows for medical expenses to be deducted from an individual’s taxable income, providing that they spent at least 7.5% (this threshold will soon be 10% as stipulated by Obamacare) of their income on qualifying health care expenses. It would seem reasonable that this deduction would be reserved for true medical expenses, especially given the Left’s penchant for touting “preventative care.” However, as clearly stated on page five of IRS publication 502, “you can include in medical expenses the amount you pay for a legal abortion.”
It’s difficult to estimate how many abortions are deducted each year, but there can be no doubt that this abortion loophole results in indirect taxpayer subsidization of an extremely large number of abortions. And it’s reasonable, given the American People’s opposition to favorable tax treatment for abortions, to ask why the President is willing to talk about corporate jet loopholes without also targeting the abortion loophole.
Could it be that the President doesn’t know about the abortion loophole? That’s unlikely, given that language to close this loophole passed the U.S. House of Representatives earlier this year, before stalling in the Senate. It seems much more likely that the President simply likes the abortion loophole more than the other loopholes.
It’s a sad fact, given both the innocent lives claimed by these abortions and the overwhelming opposition of the American People to subsidizing them. It’s time to close the abortion loophole.
Over the past few days, the ACLJ has filed two appellate amicus briefs – one in Oregon and one in California – supporting the “Protect Life” federal regulations defunding Planned Parenthood. As we explained earlier the “Protect Life” regulations prohibit the use of Title X money “to perform,
Finally, the state of New York has passed legislation that will protect little innocent lives from needless suffering. Oh, sorry, not unborn babies. They’re still in grave danger thanks to New York’s barbaric abortion law that allows them to be aborted all the way up to the moment of birth, for any...
Flip flopping Joe Biden shows his spineless nature again, flippantly deciding after four decades of supporting the Hyde Amendment, that it suddenly has to go. On today’s broadcast, we discussed Presidential candidate and former Obama VP Joe Biden’s answer to criticism from Planned Parenthood,
Does it matter who the President of the United States is? You bet it does. Especially to those fighting to defend innocent unborn lives. President Trump has just shut down the horrific practice of the federal government using, or funding the use of, human tissue remains from elective abortions for...