Proposal: No federal income tax on catastrophe loss mitigation programs

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(The Center Square) – Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate proposal from North Carolina Republican Thom Tillis.

Insurance Commissioner Mike Causey, the only Republican elected to the position in Tillis’ home state, agrees. As do cosponsoring Democratic Sens. Adam Schiff and Alex Padilla of California, and Republican Bill Cassidy of Louisiana.

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