Connect with us

Hi, what are you looking for?

Florida Government & Politics

Alcee Hastings Introduces the Armed Forces Deferred Tax Relief Act

According to the congressman’s office, the bill will “direct the Secretary of Defense to compensate members of the Armed Forces for certain taxes deferred pursuant to Internal Revenue Service Notice 2020-65″ and “such deferred taxes are withheld by the Secretary of Defense during the period beginning on January 1, 2021 and end by April 30, 2021, the Secretary shall make a payment to such a member in an amount equal to the deferred tax withheld.”

This week, U.S. Rep. Alcee Hastings, D-Fla., brought out the “Armed Forces Deferred Tax Relief Act.”

According to the congressman’s office, the bill will “direct the Secretary of Defense to compensate members of the Armed Forces for certain taxes deferred pursuant to Internal Revenue Service Notice 2020-65″ and “such deferred taxes are withheld by the Secretary of Defense during the period beginning on January 1, 2021 and end by April 30, 2021, the Secretary shall make a payment to such a member in an amount equal to the deferred tax withheld.”

Hastings jabbed President Donald Trump’s Presidential Memorandum from August 8 which set up the deferral, insisting it was “politically motivated” and will lead to a “large tax bill coming due between January and April of 2021″ as “servicemembers’ Social Security Income Tax Withholding will double during the first four months of 2021, rising from 6.2 percent to 12.4 percent.”

The congressman weighed in on the bill on Tuesday.

“Active Duty service members’ have selflessly put their lives on the line every day to protect our freedoms,”  said Hastings. “This legislation will not only show our gratitude to them, but it will also correct a reckless endeavor by President Trump to use these brave men and women as political pawns in his reelection bid.”

Hastings has not reeled in any cosponsors for the bill which was sent to the U.S. House Ways and Means and the Armed Services Committee this week. There is no companion measure over in the U.S. Senate.

First elected to Congress in 1992, Hastings is the vice-chairman of the U.S. House Rules Committee. He faces welding inspector Greg Musselwhite, the Republican nominee, on Election Day next week. Representing one of the most secure districts for Democrats in the state, Hastings is a heavy favorite to win another term.

 

Reach Kevin Derby at kevin.derby@floridadaily.com.

Author

  • Kevin Derby

    Originally from Jacksonville, Kevin Derby is a contributing writer for Florida Daily and covers politics across Florida.

    View all posts

Archives

Related Stories

Political News

Earlier today, the Associated Press reported that Lara Trump, daughter-in-law of President-Elect Donald Trump, has resigned as co-chair of the Republican National Committee (RNC)...

Healthcare

Non-profit health freedom organization, Citizens’ Council for Health Freedom (CCHF) wants the incoming Trump administration to ditch the nominations of Dr. Janette Nesheiwat, MD,...

Governor Ron DeSantis

President-Elect Donald Trump is considering Florida Governor Ron DeSantis as a potential replacement nominee for US Secretary of Defense, according to an article in...