Quantcast

Springfield Standard

Saturday, November 23, 2024

Rep. Burlison introduces act to create tax deduction for long-term care insurance

Webp 9vp13fsnsv0thfbdctxkzyfgf954

U.S. Rep. Eric Burlison Representing the 7th District of Missouri | Official U.S. House headshot

U.S. Rep. Eric Burlison Representing the 7th District of Missouri | Official U.S. House headshot

Today, Congressman Eric Burlison (R-MO-07) introduced the Improving Access to Long-Term Care Insurance Act, aimed at creating a tax deduction for the cost of long-term care insurance premiums.

"Currently, over 70% of Americans aged 65 or older face the need for long-term care, making it a top financial concern. My bill will encourage individuals to purchase long-term care insurance by providing a tax deduction for the costs of insurance premiums for individuals who take responsibility for purchasing long-term care insurance instead of relying on the state and federal government for their care. The federal government should always be looking for ways to encourage individuals to be self-reliant instead of relying on government programs," said Rep. Burlison.

###

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS