Tax Changes: Ending Deductions for Corporate Abortion Travel and Child Gender Transition Costs.
This bill aims to eliminate tax deductions for businesses that cover employee travel costs for abortion or expenses related to gender transition procedures for an employee's minor child. If passed, companies providing these benefits would face higher taxes, potentially leading them to reduce or discontinue these specific employee benefits. Citizens should be aware that their employers might withdraw these health benefits due to the increased tax burden.
Key points
Businesses would lose the ability to deduct expenses related to employee travel for obtaining an abortion.
Businesses would lose the ability to deduct costs for gender transition procedures (including drugs and surgery) for employees' children under 18.
The change could prompt employers to withdraw or limit these specific health benefits for employees, directly impacting their finances and access to care.
Expired
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