Sheila Jackson Lee: “The bill would increase the size of a loan an individual can take from their employee retirement fund under the…”

“The bill would increase the size of a loan an individual can take from their employee retirement fund under the retirement plan loans. It would also provide a credit for businesses that were rendered inoperable by the hurricanes but that retained employees, and on the charitable deduction for those who are giving dollars between the 23rd and December 31. What I would like to do, Mr. Speaker, is to look at some form of a disaster relief tax scheme, if you will, to enhance what we are doing now and to listen, where we can do this in a bipartisan way, working with Mr. Neal, working with the chairman of the committee, and really making sure we have a long-term response to the journey that my constituents and others will have to take. I close by saying that now we are up to 185,000 homes that have been severely damaged or damaged. We have got problems with mortgage deductions and a number of other issues, and, therefore, I am hoping we can work together.”