Critical Relief for Louisiana Disaster Victims on the Way
Congressman
1. Permanently eliminates "Duplication of Benefits" policy that considers disaster loans duplicative of grants - and prevents disaster victims from participating in Restore Louisiana program grants;
2.
3. Eliminates
4. Clears legal and funding obstacles to complete the Comite Diversion project with billions of dollars in federal Community Development
"This is a huge win and early Christmas present for
Duplication of Benefits: On
"Only the federal government could think that a loan duplicates a grant. This absurd concept is over and our flood victims will be eligible for Restore Louisiana grants."
Additional Recovery Funding:
"We continue to push for additional federal flood recovery funding to build back smarter and stronger."
Disaster Tax Relief: In June, Graves introduced a measure to provide tax relief (H.R. 2849), along with Congressmen Richmond, Abraham, and Higgins. Two of the provisions penalizing recovery include a 10% penalty for individuals withdrawing from their retirement accounts and having to meet a 10% threshold in claiming losses for the significant devastation caused by the 2016 floods. With passage of these provisions in the tax reform bill passed earlier this week, individuals are given the ability to file amended returns for the losses incurred. These provisions are necessary tools for individuals who did not wait on government assistance and would like to rebuild using their own hard earned savings, without incurring penalties. Along with lower tax rates and larger standard deductions, the recovery process will be aided.
"Flood victims should be rewarded for being proactive and using their own resources to rebuild - not penalized by the
Completion of
"The Comite Diversion project dates back to the early 1980s and we finally have a clear path to finish this project once and for all. Our citizens have been paying taxes to fund this project for decades and they have seen little progress for their money. With the vote tonight and the enactment of our legislation, taxpayers can witness completion of the Comite Diversion project."
H.R. 4467 passed the House by a vote of 251-169 this evening. It now goes to the
"With the strong bi-partisan vote in the House tonight, we have provided the
Hurricane Money Numbers Keep Going Up
Can we have better schools, better roads and BP money? The next 90 days will tell.
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