What we want to make sure happens is that for those victims of this terrorist act, they are afforded the same kinds of benefits in the Tax Code that victims of terrorism abroad, in the military or civilian, are entitled to. We want to make sure that if any of the benefits that are being given through an airline, through FEMA, that at the end of the year, their family members are not hit with some kind of unexpected tax bill. We want to make sure that the victims have an estate that is not taxed to the government, but that can go to their remaining loved ones, because we know that the people who experienced this tragedy did not have any estate planning, did not have an ability to set their affairs in order. This came as a surprise. We want to make sure that with respect to the Federal Tax Code, that they are given any entitlement and ability to be treated just like a fallen soldier in battle abroad or a civilian abroad.
Paul Ryan: “What we want to make sure happens is that for those victims of this terrorist act, they are afforded the same kinds of…”
Editor's note · Context
Addressing tax benefits for victims of terrorism in the aftermath of the September 11 attacks.
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