Speaker Pelosi today released the following statement on the House passing the Heroes Earning Assistance and Tax Relief Act (HEART Act), which provides permanent tax relief for military families, expands the availability of Recovery Rebates for military families, and expands homeownership opportunities for veterans.
Following the statement and available here is a fact sheet on the HEART Act and additional veterans' legislation that the House is considering today. "The New Direction Congress is second to none when it comes to meeting the needs of our troops, from ensuring that they have the tools and training they need in battle to caring for them and to delivering the quality health care they need when they return home. "Today, the House passed $1.3 billion in tax relief for military families facing significant financial hardships due to extended deployments. The bill represents a robust effort to reduce the tax burden on military families -- including helping more military families to access the Earned Income Tax Credit, offering small businesses a tax incentive to pay their National Guard and Reserve employees called up for active duty, making thousands of veterans eligible for low-interest home loans and ensuring that more military families are able to receive Recovery Rebates. "This tax relief for military families is the least Congress can do for our troops who are putting their lives on the line every day. I look forward to the Senate passing the HEART Act and the President signing this critical legislation into law."