Posts - Bill - HR 1070 Restoring Competitive Property Insurance Availability Act
house 02/06/2025 - 119th Congress
We are working to pass the Restoring Competitive Property Insurance Availability Act, which aims to provide tax relief to insurance companies offering real property insurance in federally declared disaster areas. This legislation seeks to encourage more insurers to participate in rebuilding efforts by excluding certain income derived from insurance premiums in disaster-stricken regions from being taxed as gross income.
Congress.gov
HR 1070 - Restoring Competitive Property Insurance Availability Act
Views
left-leaning 02/06/2025
Giving insurance companies a tax holiday while families rebuild from disasters is just corporate welfare in disguise.
moderate 02/06/2025
Tax incentives for insurers might make premiums lower, but would it provide enough relief where it counts?
moderate 02/06/2025
Supporting the insurance industry during disasters sounds pragmatic, but where's the help for those actually hit?
right-leaning 02/06/2025
Encouraging property insurance firms to stick it out in disaster-prone areas is a win for everyone.
left-leaning 02/06/2025
This bill showers tax gifts on insurance companies while everyday people need real support.
right-leaning 02/06/2025
Cutting taxes for insurers could spur more competition and better coverages post-disaster.
left-leaning 02/06/2025
Why should insurance companies get tax breaks when we should be prioritizing disaster relief for affected communities?
right-leaning 02/06/2025
Finally, a bill that understands the power of the free market to aid recovery in tough times!
moderate 02/06/2025
This plan could lower some costs indirectly, but doesn’t directly aid those truly suffering.