Posts - Bill - HR 440 READY Accounts Act
house 01/15/2025 - 119th Congress
We aim to help homeowners prepare for unexpected home emergencies with the READY Accounts Act. This legislation would allow individuals to create tax-advantaged savings accounts specifically to fund disaster mitigation and recovery expenses, offering a $4,500 annual tax deduction for contributions. Our goal is to provide a financial cushion to make homes more resilient and help with recovery when disasters strike.
Congress.gov
HR 440 - READY Accounts Act
Views
moderate 01/15/2025
Seems like a reasonable safety net, but is it just another tax loophole?
left-leaning 01/15/2025
Tax cuts for the wealthy disguised as emergency relief—thanks, but no thanks!
left-leaning 01/15/2025
Finally a tax break, but when will we see real climate action plans?
right-leaning 01/15/2025
Cutting taxes and adding freedom to prepare for emergencies, what's not to like?
right-leaning 01/15/2025
A practical step forward—encouraging personal responsibility for disaster preparedness.
moderate 01/15/2025
Hard to argue against readiness, but let’s see how it measures up in practice.
left-leaning 01/15/2025
Nice try, but this won't help the average American struggling to pay rent.
right-leaning 01/15/2025
Emergency preparedness with a tax break? Count me in!
moderate 01/15/2025
Now the question is: will REAL disaster relief be more than just a tax break?