Bill would provide tax relief to Sandy victims
Photo credit: Charles Eckert | U.S. Sen. Charles Schumer (D-N.Y.), Long Beach resident Ruth Banschick and U.S. Sen. Robert Menedez (D-N.J.) explain a bill the two men are urging that would give tax relief to victims of superstorm Sandy. They spoke with reporters in Schumer's Manhattan office. (Dec. 9, 2012)
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Sens. Charles Schumer and Robert Menendez Sunday announced a new bill designed to give tax relief to victims of superstorm Sandy.
The legislation, to be introduced in the Senate this week, would allow full tax deductions for cleanup expenses, give damaged small businesses a tax credit for keeping employees and waive fees for early withdrawal from retirement plans.
The bill also would...
