HR 4555 - Tax Exemption for Military Student Loan Repayments Act sign now

HR 4555: Tax Exemption for Military Student Loan Repayments Act

Please help me to encourage the Honorable Gary Miller of the 42nd District reintroduce a very deserving House Resolution ---- HR 4555: Tax Exemption for Military Student Loan Repayments Act --- that died in the House Ways and Means Committee during the 107th Congress. The gist of this legislation is that those members of the Armed Forces receiving loan repayment of student loans as part of their enlistment contracts are having to pay direct income tax on said payments. When taken into consideration that GI Bill benefits are paid out tax-free, it becomes clear that both sides are not balanced or equitable. I am trying to get this bill reintroduced during the 108th Congress, but I have met considerable apathy and passive resistance. In addition, I have started a newsgroup on Yahoo at the following address:

http://groups.yahoo.com/group/studentloanrepayment/

Below is a press statement from when the legislation was introduced. Contact your legislators. There are many people in the military who would benefit from such legislation, but are not allowing their voices to be heard because of being casualties of the fast paced War on Terrorism.

For Immediate Release DC Office: 202-225-3201

April 24, 2002
Congressman Miller Introduces Bill to Improve Military Student Loan Repayment Program

Washington, D.C. - Today, Congressman Gary Miller (R-Diamond Bar) introduced the Tax Exemption for Military Student Loan Repayments Act on the Floor of the U.S. House of Representatives. This bill will establish tax parity between the Montgomery G.I. Benefits and the Student Loan Repayment Program.


This bill will stop taxing the student loan repayment benefit that many highly skilled servicemen and women receive, said Congressman Miller.


The servicemen and women benefitting from the Student Loan Repayment Program are highly skilled, and in many cases, they could receive a higher paying job in the private sector, stated Congressman Miller. By taxing this benefit, we create a disincentive to serve our country.


Under the Student Loan Repayment Program, the servicemembers branch sends the loan repayment directly to the lender. Unless the soldier, sailor, or airman requests to have additional funds withheld from their pay, they generally end up owing the IRS each year the loan repayments are made.

CONTACT YOUR LEGISLATORS!

http://www.house.gov/

http://www.senate.gov/

More info:

http://www.house.gov/garymiller/Legislation/HR_4555/body_hr_4555.html

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Latest Signatures

  • 09 October 2015200. Charles J
    Airborne Zip Code 48386
  • 22 September 2015199. John S
    I support this petition
  • 16 September 2015198. Linda Montia
    I support this petition
  • 13 September 2015197. Spc Jennifermh
    I support this petition
  • 21 August 2015196. Richard Sharona
    Treat our serving men & women right! Zip Code В
  • 07 August 2015195. Cheryl B
    I support this petition
  • 25 July 2015194. Maria V
    Every veteran deserves the opportunity for higher education. In the long run, it save tax payer dollars. There are too many people on the "We support our troops" bandwagon with their stickers and T-Shirts. Yet, when it comes down to it, it feels like we a
  • 22 July 2015193. Michelle G
    we need to keep our soliders going Zip Code 04005
  • 12 June 2015192. Felicia C
    I support this petition
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    I support this petition
  • 24 April 2015189. Angelica F
    I support this petition
  • 02 April 2015188. Katherine C
    I support this petition
  • 15 February 2015187. Christine H
    I will pay twice as much as over the lifetime of my loan than some of my peers due to the interest rate I received at the time of consolidation. I came from an impoverished family. Many of my relatives receive welfare and medicaid, which never needs repai
  • 08 January 2015186. Andrew D
    I support this petition
  • 30 November 2014185. William Hwalkeri
    I support this petition
  • 04 November 2014184. Mary Kayr
    I support this petition
  • 27 October 2014183. Josie H
    Loan repayment benefits should not be taxed!
  • 29 September 2014182. Andres Dn
    I support this petition
  • 21 September 2014181. Adrian H
    I support this petition
  • 02 September 2014180. Army Specialistjoseec
    recipient of the SLRP Zip Code 20906
  • 29 August 2014179. Deandre T
    I support this petition
  • 26 August 2014178. Michael O
    I support this petition
  • 13 June 2014177. Heather Medina
    Please, I now owe the IRS over $17,000 because of this tax. I cannot pay, my husband is in Iraq. Zip Code 30907
  • 15 May 2014176. Tim H
    I support this petition
  • 23 April 2014175. Caprice P
    I'm having these problems right now Zip Code 30901
  • 12 March 2014174. Joshua M
    I came back from deplyment to IRAQ to learn that because the army does not take taxes out for this payment I owe $2,300 Zip Code 28390

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Jewell WilkinsonBy:
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U.S. Congress

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