WASHINGTON, D.C. — Congressman Jason Smith, MO-08, formally introduced an act that would prohibit the use of federally tax-exempt bonds to fund the construction of abortion clinics.
The No Abortion Bonds Act would remove the tax-exempt status of any bond that goes to an abortion provider or abortion clinic, according to a press release by Smith.
“For 42 years it has been law in this country that no federal funds can be used for abortion services,” Smith said. “Yet a loophole in the tax code remains, allowing abortion clinics to be built using federally subsidized tax-free bonds. The No Abortion Bonds Act would remedy this and take another step in the right direction to defend innocent life and protect vulnerable unborn children.”
State and local governments are allowed to finance construction of schools, roads, and hospitals with special bonds exempt from federal taxes, according to the release.