September 22, 2017 / 8:14 PM / a year ago

U.S. House Republican unveils tax bill to aid hurricane victims

WASHINGTON, Sept 22 (Reuters) - The top Republican tax law writer in the U.S. House of Representatives unveiled new tax legislation on Friday that he said would help people cope with hurricane devastation in Texas, Florida, the U.S. Virgin Islands, Puerto Rico and other areas.

“My bill specifically helps hurricane victims keep more of their paycheck, deduct more of the cost of damage and have more affordable and immediate access to money they have saved for their retirement,” House Ways and Means Committee Chairman Kevin Brady said in a statement accompanying the measure.

“The legislation will also encourage even more Americans to donate generously to help those in need,” he added. (Reporting by David Morgan; editing by Diane Craft)

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