Arkansas Rep. Womack Sponsors Bipartisan Bill to Eliminate Tax on Certain Benefits for Military Families
Arkansas Representative Steve Womack has been a long-standing advocate for supporting America’s military families. Recently, he has introduced a bipartisan bill aimed at eliminating the tax burden on Basic Needs Allowance (BNA) payments for eligible military families. This initiative is part of a broader effort to alleviate financial stresses on those who serve and protect the nation.
Womack’s proposal specifically amends the tax code to exclude BNA benefits from taxable income. This change puts BNA in line with other military benefits, such as Basic Allowance for Housing and Basic Allowance for Subsistence. The aim is to ensure service members keep their full benefits without worrying about taxes, allowing them to focus on their mission rather than financial burdens.
The Congressional Budget Office estimates that this change would impact over 3,000 military families. This measure is supported by several bipartisan cosponsors, including Representatives Doug Lamborn, Rob Wittman, Brad Wenstrup, and Matt Gaetz. The bill is part of ongoing efforts to support military personnel and their families by providing them with essential financial security.
“Taxing support meant to help the most vulnerable undermines its purpose,” said Womack. “BNA should be treated like other military benefits to ensure those who serve our nation receive the support they deserve.”
- Impact on Military Families:
– The estimated 3,000 military families affected by the tax change would see an improvement in their financial situation, allowing them to better manage essential expenses like groceries. - Support from Cosponsors:
– Representatives Doug Lamborn, Rob Wittman, Brad Wenstrup, and Matt Gaetz are among those supporting this bipartisan effort. - Tax Code Amendment:
– The bill amends the tax code to exclude BNA benefits from taxable income.
This legislation is a significant step forward in alleviating financial pressures faced by military families. As Representative Womack emphasized, it’s crucial to ensure that those who serve receive the full support they have earned. By streamlining tax benefits and exclusions, these families can maintain stability and focus on their roles in national service.
