The Office of Management and Budget (OMB) Director Mick Mulvaney said the Trump administration is requesting “targeted tax relief that will directly aid” California wildfire victims “covered by a major disaster declaration.”
According to Mulvaney, the relief should include the following:
- non-itemized casualty losses waiving the current-law requirement that losses exceed 10% of adjusted gross income
- penalty-free access to retirement funds
- disaster-related employment relief
- earned income tac credit reporting-year flexibility
- enhancement of charitable giving incentives
California leaders requested $7.4B for wildfire recovery efforts
Earlier this month, Governor Jerry Brown together with the members of California congressional delegation requested $7.4 billion for wildfire recovery efforts.
They implored the Congress and White House to approve their request. California needs the money for recovery and assistance programs, agriculture and environmental protection, cleanup, and housing support. The State also needs funding for local health services, small businesses, and long-term recovery planning and reconstruction.
