Closing 'loophole' will hurt disabled son

The retirement bill that passed the House failed to look at the impact on disabled children. I have spent the last 34 years providing for my son and now the House wants to expedite the taxation of my IRA that will eventually be used by him to live.

I am not wealthy, which the closing of the "loophole" purports to address. I am the only source of financial wherewithal that my disabled son can depend upon, especially when some in Congress are looking to cut back or eliminate Medicaid, Medicare and Social Security for the disabled.

The position that such closing of the "loophole" is needed to pay for other parts of the bill is hypocritical at best. When Congress gives massive tax cuts to the truly wealthy, do they make sure the cuts are paid for or merely add to the national debt the effects of which will be felt by children like my son?

Congress has no problem giving multimillion-dollar exemptions to the truly wealthy via the federal estate and gift taxes preserving wealthy family dynasties and contributing to the asset and income disparities in the U.S. However, when one of the few methods of accumulating wealth by the middle class is used to pass assets to the next generation, Congress finds a reason to tax it, thereby preventing such accumulation.

When I'm gone and my IRA is insufficient to pay for my son's living expenses because of the chunk taken out for taxes, will the taxpayers, Congress or the president be there to support him? I don't think so.

You will just hear a lot of bemoaning of the number of people on welfare or the blight of the homeless.

Gerard T. Mazurczak

Naperville