Tax Code Section Renamed Honoring Kay Bailey Hutchison

Republicans in Texas have reaped the benefits from recently retired Senator Kay Bailey Hutchison's service in the U.S. Senate.  Just as she accomplished abolishing the state income tax during her time in the office of Texas State Comptroller, she has made a lasting difference in the U.S. tax code.  Benefiting women who choose to be stay at home domestic engineers, a section of the tax code now reflects her work creating the Spousal IRA.

Here is the press release from the office of Rep Kevin Brady acknowledging Hutchison's contribution:

Washington, DC – On Thursday, the U.S. Senate passed the Kay Bailey Hutchison Spousal IRA Act, legislation introduced by Senators Barbara Mikulski (D-MD) and John Cornyn (R-TX) in the Senate and Congressman Sam Johnson (R-TX) in the House, that renames Section 219 (c) of the Internal Revenue Code after former Texas Senator, Kay Bailey Hutchison.“Senator Kay Bailey Hutchison deserves praise for her tireless advocacy for parents who work full-time at home to care for their families,” said Texas Congressman Kevin Brady, co-sponsor of the House bill and a senior Republican on the House Ways and Means Committee. “The Kay Bailey Hutchison Spousal IRA allows both parents to contribute to two separate IRA accounts, giving them the ability to make wise financial decisions for their future, even as they are making financial sacrifices in order to allow one parent to stay at home. This provision levels the playing field and treats all parents equally, whether they work outside the home or not. Senator Hutchison is a true champion for this tax provision and it is right to honor her for her efforts to help millions of families.”

Kay Bailey Hutchison is to be thanked for her tireless work on behalf of first, Texas families, and later for families across America.  Her career in politics has paved the way for other Texas Republican women.