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ICYMI: Rubio Introduces Bill to Remove Tax Breaks for Woke Corporations

Jun 27, 2022 | Press Releases

Miami, FL — U.S. Senator Marco Rubio (R-FL) introduced the No Tax Breaks for Radical Corporate Activism Act (S. 4131) in May. The bill would prohibit employers from deducting expenses related to their employees’ abortion travel costs or so-called “gender affirming care” for young children of their employees. 
“Our tax code should be pro-family and promote a culture of life,” Rubio said in a statement at the time. “Instead, too often our corporations find loopholes to subsidize the murder of unborn babies or horrific ‘medical’ treatments on kids. My bill would make sure this does not happen.”
“These corporations, and others like them, should not look to the Republican Party for support,” Rubio wrote in an op-ed. “Public policy should be used to strengthen families, not woke executives. We must work to strip the latter of undeserved benefits while empowering the former. That means further expanding the child tax credit to relieve the financial burden of raising children. It means protecting kids from leftist indoctrination in public schools. It means doing everything possible to prevent harm to our nation’s children, born and unborn.”
Under current tax law, businesses can deduct all expenses that are “ordinary and necessary” for carrying on a trade or business, including employee health care plans, some medical expenses, or other benefits offered as a part of an employee compensation package. This bill would explicitly prohibit employers from deducting – and, as a result, taxpayers from subsidizing – their employee’s travel costs to obtain an abortion or employee’s children’s gender transition expenses.