Robert Pittenger: “Today I introduce the No Abortion Bonds Act, to end Federal tax-exempt bonds that support abortion providers. Under a…”

“Today I introduce the No Abortion Bonds Act, to end Federal tax-exempt bonds that support abortion providers. Under a loophole in the current law, cities, counties, and States can issue Federal tax-free bonds to finance construction of abortion clinics. In 2012, the New York City government issued a tax-free $15 million bond for a $30 million renovation of Planned Parenthood's national headquarters, which was subsequently sold 3 years later for $60 million. In 2007, Sarasota County, Florida, floated an $8 million tax- free bond to pay for a Planned Parenthood abortion clinic. These tax-free bonds are intended to finance schools, hospitals, infrastructure--not abortion clinics. The No Abortion Bonds Act has over 30 bipartisan cosponsors and is endorsed by Americans United for Life, Susan B. Anthony List, National Right to Life, March for Life, the Family Policy Alliance, and the Eagle Forum. Please join me today in applying the spirit of the Hyde amendment to the Tax Code by preventing tax-free bonds from going to abortion providers. ____________________”