Judy Chu

I rise today in support of H.R. 9500, the Tax Relief for Fraud Victims Act. I would like to thank my colleagues, Mr. Miller and Mr. Suozzi, for their leadership on this bill. This bill corrects a longstanding policy mistake in the tax code. During President Trump's first administration, Republicans passed the Tax Cuts and Jobs Act--or what Democrats like to call the Trump tax scam--where they chose to limit the deduction for casualty and theft losses by limiting that deduction only to those losses that were incurred in a Presidential-declared disaster.

I rise today in support of H.R. 9496, the End Tax Penalties on American Hostages Act. I thank my colleagues, Ms. Tenney and Mr. Beyer, for their leadership on this bill. This is a commonsense bill that would prevent hostages, detainees, and their spouses from experiencing unnecessary financial hardships when they are unable to meet their Federal tax obligations. Often, hostages and detained Americans return home to massive tax bills from the IRS in the form of late payments, interest, and penalties, sometimes totaling tens of thousands of dollars.