Political Quotes

“Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 2860 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Putting First-Responders First Act''. SEC. 2. CONTINUED EXCLUSION OF FIRST RESPONDER SERVICE- CONNECTED DISABILITY PAYMENTS AFTER AGE OF RETIREMENT. (a) In General.--Section 104 of the Internal Revenue Code of 1986 is amended by redesignating subsection (d) as subsection (e) and by inserting after subsection (c) the following new subsection: ``(d) Special Rule for First Responder Service-connected Disability Payments After Age of Retirement.-- ``(1) In general.--In the case of an individual who receives a service-connected disability excludible amount, gross income shall not include such amount of any retirement pension or annuity which-- ``(A) is received by such individual with respect to the service to which the service-connected disability excludible amount relates, ``(B) is determined by reference to the individual's age, length of service, or contributions, and ``(C) does not exceed the service-connected disability excludable amount (determined on an annualized basis under such regulations or other guidance as the Secretary may prescribe).…”