Rep. Velazquez Fights to Expand Flood Insurance for Working Families
In 2017, powerful hurricanes tore through communities across the
"While natural disasters may be hard to predict, their wrath and destruction are not to be underestimated--something that unfortunately, New Yorkers are too familiar with," said Velazquez.
"As our climate changes, it is not a question of if, but when, we will next encounter severe weather. My bill will put flood insurance in reach for more working families, ensuring they are better protected the next time a major storm hits
In 1968,
"Today, as our nation marks Tax Day, I am introducing an effort to give working families and homeowners in flood prone areas a meaningful tax break," said Velazquez. "No hardworking person should be kept up at night worried about whether they can afford to protect their home from the next destructive storm."
To ensure that the proposed tax credit would reach families who need it the most, the credit would be phased out based on a taxpayer's income. In terms of eligibility, the credit will be available in full to those making
"In 2017,
In 2012, Superstorm Sandy devastated coastal regions of
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Sens. Portman, Brown Announce President Trump Has Signed Disaster Declaration That Will Bring Relief to Ohio Communities After Devastating Floods
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