Congressman Wants To Protect Volunteers From The IRS
(CNSNews.com) - Saying Congress needs to rescue America's public safety officers and volunteers from crippling Internal Revenue Service (IRS) taxes, Representative Ron Paul (R-TX) has introduced what he calls the "Public Safety Tax Cut Act."
Paul said in Washington Friday that his bill would provide paid professional police officers and firefighters with a $1,000 per year tax credit. "These professional public safety officers put their lives on the line each and every day and I think we all agree that there is no way to properly compensate them for the fabulous service they provide."
Paul also said Friday the legislation will "effectively overturn a ruling of the Internal Revenue Service which has declared as taxable income those fees which are waived by local governments for volunteers of public safety service."
"Local entities have provided these waivers to encourage volunteerism, " according to Paul, "though seldom do these benefits come anywhere near the level of a true compensation for the many hours of training and service required of volunteers. Still, the IRS has issued rulings that strip away this powerful volunteer recruitment incentive and compensation and penalize volunteers for providing services. As a result, many local entities have decided to withhold these benefits."
Paul also believes his legislation would reinforce America's public safety tradition by reducing federal taxation and regulations and by raising the take home pay of professional public safety officers.