House Proceeding 05-20-08 on May 20th, 2008 :: 0:25:16 to 0:27:36
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0:22:50 to 0:28:18( Edit History Discussion )
Speech By: Jim McCrery

0:25:09 to 0:25:23( Edit History Discussion )

Jim McCrery: this problem in legislation. and the other body has included it. that's one of the things that led to last year's deadlock. i personally wish that this provision were included. and i hope

0:25:23 to 0:25:35( Edit History Discussion )

Jim McCrery: before the end of the process we can address that. but there are many good things in the bill before the house today, including provisions to ensure that combat pay does not diminish the earned

0:25:35 to 0:25:48( Edit History Discussion )

Jim McCrery: income credit. the bill also contains important language following active duty reservists to make -- allowing active duty reservists to make penalty-free withdrawals from retirement plans and permits

0:25:48 to 0:26:02( Edit History Discussion )

Jim McCrery: contributions of military death benefit gratuities into a roth i.r.a. or education savings account without regard to annual contribution limits. other provisions amend the supplemental security

0:26:02 to 0:26:11( Edit History Discussion )

Jim McCrery: income program to expand eligibility for and increase benefit payments to certain military families, veterans, and americorps paragraphciesants. this bill does -- participants. this bill does

0:26:11 to 0:26:22( Edit History Discussion )

Jim McCrery: contain one other change from last year that merits mentioning. it allows stimulus checks to be mailed to families in which one spouse is a member of the military and the other does not have

0:26:22 to 0:26:34( Edit History Discussion )

Jim McCrery: a valid social security number. i understand the reasons for this provision and i'm sure as this bill works its way through the process we'll have an opportunity to examine this provision

0:26:34 to 0:26:47( Edit History Discussion )

Jim McCrery: further to make sure that it's workable. finally, one other provision deserves particular mention. both because of its merits and because it's a great example of how one person's good idea brought

0:26:47 to 0:27:02( Edit History Discussion )

Jim McCrery: to the attention of a member of congress can make its way to the forefront of a legislative agenda. health care flexible spending accounts, known as f.s.a.'s, have a use it or lose it rule. if

0:27:02 to 0:27:18( Edit History Discussion )

Jim McCrery: you don't use all the money by the e of the year, money goes back to your employer. funds deposited into an f.s.a. are put there on a pretax basis or tax-free basis. so it's a very attractive

0:27:18 to 0:27:33( Edit History Discussion )

Jim McCrery: benefit for employees. this bill modifies the f.s.a. program to allow a plan to return deposited funds to an employee at the end of the year if that amount remains unspent because the individual

0:27:33 to 0:27:48( Edit History Discussion )

Jim McCrery: was called to active duty military service. this is a very, i think, fair change to the underlying program. it's an issue that one of mr. barton's, jo barton's constituents raised with