Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I thank Chairman Brady for his efforts on behalf of this legislation. This is a pleasant responsibility that we have when you consider that its corrective action will alone help 175 former military members in the State of Massachusetts and 13,800 across the country. Let me reiterate some of the points that were made by Chairman Brady. The bill before us corrects an issue related to a provision that was designed to alleviate some of the tax burdens of our Nation's combat- injured veterans. Under Federal law, veterans who suffer combat-related injuries and who are separated from the military are not supposed to be taxed on the one-time lump-sum disability severance payment they receive from the Department of Defense. Due to an accounting error at the Defense Finance and Accounting Service, approximately $78 million in tax payments were inadvertently taken from combat-disabled servicemembers. Some of this improper withholding has taken place outside the 3-year period in which taxpayers could file an amended tax return. H.R. 5015 would right this wrong by instructing DOD to identify those who were wrongfully taxed so that they can be reimbursed. This bill would allow those veterans identified by the DOD to file amended returns to recoup those unintentionally withheld funds. Mr.…”