Morrissette Proposes Tax Break

In a move that he says could dramatically improve health care coverage in Oklahoma, Rep. Richard Morrissette has filed legislation, House Bill 1888, to provide working families similar tax benefits enjoyed by large corporations.

"In the spirit of President Bush's State of the Union address tomorrow evening, I have filed a bill that will make the Oklahoma tax code fairer for working men and women and their families by providing a tax break for health care expenses such as in-patient hospital care, prescription drugs, rehabilitative care and nursing home care," said Morrissette, D-Oklahoma City.

"These tax breaks are similar to those already given large corporations and big businesses, who are now allowed to deduct all types of expenses and have been allowed that right for many years. Any tax code benefits should be applied broadly and fairly, which House Bill 1888 does."

Under current law, businesses are allowed a tax break to offset the cost of employee insurance. President George Bush is expected to call for extending that break to individuals who buy their own insurance during his State of the Union speech on Tuesday.

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