from deducting expenses related to their employees’ abortion travel costs or so-called “gender affirming care” for young children of their employees. “Our tax code should be pro-family and promote a culture of life," Rubio said in a statement at the time. "Instead, too often our corporations find loopholes to subsidize the murder of unborn babies or horrific ‘medical’ treatments on kids. My bill would make sure this does not happen.”
“These corporations, and others like them, should not look to the Republican Party for support,” Rubio wrote in an op-ed. “Public policy should be used to strengthen families, not woke executives. We must work to strip the latter of undeserved benefits while empowering the former. That means further expanding the child tax credit to relieve the financial burden of raising children. It means protecting kids from leftist indoctrination in public schools. It means doing everything possible to prevent harm to our nation's children, born and unborn.”
Background:
Under current tax law, businesses can deduct all expenses that are “ordinary and necessary” for carrying on a trade or business, including employee health care plans, some medical expenses, or other benefits offered as a part of an employee compensation package. This bill would explicitly prohibit employers from deducting – and, as a result, taxpayers from subsidizing – their employee’s travel costs to obtain an abortion or employee’s children’s gender transition expenses.
Related:
- June 2022: Rubio Releases Pro-family Framework Following Dobbs Decision
- June 2022: Rubio Celebrates Life, Calls on Americans to Come Together
- June 2022: ICYMI: Rubio: Providing for Life Act Is a Pro-Life Plan for Post-Roe America
- May 2022: ICYMI: Rubio Announces Bill to Protect Both Mothers and Their Babies
- May 2022: Rubio Introduces Bill to Remove Tax Breaks for Woke Corporations
Source: Senator Marco Rubio
