Political Quotes

“I include in the Record a letter that has been signed by 50 different charities in support of this legislation. March 27, 2022. Hon. Richard Neal, Chair, Ways and Means Committee, House of Representatives. Hon. Bobby Scott, Chair, Education & Labor Committee, House of Representatives. Hon. Kevin Brady, Ranking Member, Ways and Means Committee, House of Representatives. Hon. Virginia Foxx, Ranking Member, Education & Labor Committee, House of Representatives. Dear Chairmen Neal and Scott and Ranking Members Brady and Foxx: On behalf of the undersigned nonprofits, including charities and faith-based organizations, we want to express our strong support for the inclusion of the Legacy IRA Act in the bipartisan Securing a Strong Retirement Act (H.R. 2954, section 310). The Legacy IRA Act was originally introduced as H.R. 2909 by Representatives Don Beyer (D-VA-08) and Mike Kelly (R-PA-16). We appreciate you placing a priority on families in America who are saving for retirement and simplifying the retirement system through the broader Securing a Strong Retirement Act. Specifically, the Legacy IRA provision will encourage more charitable giving by enabling seniors to make tax-free contributions from their traditional IRAs to charities through life-income plans.…”