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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Tuesday, May 30, 2006

Bush signs Foxx bill

Law lets service members put hazard pay into IRA, shields it from taxes

By Mary M. Shaffrey


President Bush used the Memorial Day holiday to honor Americans serving in war zones by signing into law a bill that allows them to put their salaries into their individual retirement accounts.

The Heroes Earned Retirement Opportunities Act was sponsored by Rep. Virginia Foxx, R-5th. The new law, also known as the HERO Act, takes effect immediately. It changes a previous law that did not allow military personnel earning hazard pay to make contributions to their IRAs.
Kudos to Foxx for sponsoring this bill.


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