28 December 2004
Be thankful I don't take it all
Senator Christopher S. "Kit" Bond (R-MO) calls it a "disaster tax," and has vowed to fight it.
"It" is a decision by the Internal Revenue Service to tax recipients of FEMA disaster-mitigation funds, and it's starting to hit close to home: Tulsa County residents who received an average of $50,000 to move out of designated floodplains will apparently be hit with a tax bill for those payments. And the state's Emergency Management has begun notifying counties and municipalities that the IRS is wanting its cut of tornado-shelter grants.
"The IRS," says Bond, "is an agency perpetually in search of your tax dollars, but I am stunned that they would even consider a tax on federal disaster mitigation aid."
Fair Tax, anyone?