Human Rights Campaign Launches "7 Days to a
Better Financial You" Campaign
Out in America
By Trevor Thomas
April 7, 2008WASHINGTON –In advance of April
15 – “Tax Day” – the Human Rights Campaign, the
nation’s largest gay, lesbian, bisexual and
transgender civil rights organization, launched
today its national “7 Days to a Better Financial
You” educational campaign. The campaign
highlights the unique legal inequalities and
hurdles facing the GLBT community with regard to
financial, tax and estate planning issues.
Federal law treats same-sex couples as
strangers, thereby denying them the 1,138
federal rights, benefits and protections
available to different-sex married couples. Some
states provide protections, recognizing same-sex
couples for tax purposes while federal law
treats them as individual filers. An act as
simple as moving across state lines can create
further complications. HRC is joining with our
Congressional allies to highlight critical
legislative initiatives that we at HRC are
calling “Family Matters.” Family Matters is a
comprehensive pro-family, pro-equality
legislative package that seeks to secure equal
treatment under federal law for GLBT
individuals, same-sex couples, and their
children.
“On April 15th, millions of Americans will
file their taxes with the federal government,
but most will not bear the same costs and
burdens that GLBT Americans face because federal
law does not treat them and their families
equally,” said Human Rights Campaign President
Joe Solmonese. “Today we are launching a
national campaign to educate same-sex couples
and all GLBT Americans about the tools and
resources available to help them understand
their unique complications with tax laws and
foster good financial decision-making. Until the
federal government treats us as equal citizens
under the law, it is critical that our community
knows and understands the financial challenges
we must overcome.”
Both the Defense of Marriage Act, which bars
the federal government from recognizing the
legal marriages of same-sex couples, and
discriminatory state laws, deny gay and lesbian
couples access to 1,138 federal benefits and
protections available to married couples. This
can mean that they can’t take time off to care
for a loved one without risking losing their
job, they can’t provide survivor benefits to
their partner or children despite paying into
Social Security for a lifetime, they can’t get
equal pay for equal contribution as a federal
employee or veteran, and they can’t include
their spouse or children on their employer-based
health plan without facing significant tax
penalties. According to the Williams Institute,
the average employee who receives partner
benefits pays an additional $771 per year out of
pocket in federal taxes based on the value of
those benefits.
In Congress, statehouses, corporate board
rooms, emergency rooms and communities across
the country, the Human Rights Campaign is
knocking down the barriers to equality – one by
one. Due in part to the efforts of HRC’s
Workplace Project, over 50% of the Fortune 500
offer benefits to same-sex partners, up from
just a handful in 2000. After years of
on-the-ground organizing by HRC and other
national, state and local organizations, ten
states plus the District of Columbia have civil
unions, domestic partnerships, or marriage, and
more are considering relationship protections.
Furthermore, HRC is currently lobbying on the
Family and Medical Leave Inclusion Act, the
Domestic Partnership tax bill and the Domestic
Partnership Benefit and Obligations Act or DPBO.
For additional online resourcesand daily
updates visit the HRC blog, www.HRCBackStory.org.
For a comprehensive article recently published
in the Journal of Financial Planning by
financial planners and columnists Joe Kapp and
Nick Burkholder, visit: http://www.fpanet.org/journal/articles/2008_Issues/jfp0308-art7.cfm.
“7 Days to a Better Financial You” Key
Highlights:
Monday, April 7:
National action alert and website launched
highlighting the significant financial burdens
and legal hurdles for same-sex couples and how
they can take part.
Tuesday, April 8: Virtual Town Hall for
Employers and GLBT Employees: Making Your
Benefits Work for You
Virtual Town Hall with HRC Workplace Director
Daryl Herrschaft, financial planner and
columnist Joe Kapp, James Delaplane, Jr. of
Davis & Harman LLP and HRC Business Council
member Diego Sanchez. The Town Hall will also
feature brand-new resources from the Workplace
Project of the Human Rights Campaign Foundation
to help gay, lesbian, bisexual and transgender
employees achieve greater financial security,
including:
o Teach workers and their employers how to
take full advantage of new provisions in the
Pension Protection Act of 2006. o Provide
participants with a template proposal to
“gross-up” wages to offset the tax burden of
enrolling for domestic partner health insurance
benefits. o Educate callers on the financial
issues facing transgender people.
Wednesday, April 9:
Release of the HRC Life and Estate Planning
guide for GLBT Americans. All of us need to
think about our future expectations and consider
what we would want should death or disability
interrupt or stand in the way of our
expectations. Life and estate planning are ways
of thinking seriously about the future and
making smart choices that meet our needs. You do
not need to have a large income or to amass
great personal wealth; if you care about your
partner, or are concerned about where your
hard-earned savings may someday flow, then you
should understand some of the basis principles
of planning.
Thursday, April 10:
National web chat to answer questions from
people in the GLBT community. To participate
visit www.hrc.org at 3:00 p.m. EST. Questions
can be submitted via email: webchat@hrc.org.
Web chat to feature financial planner Joe
Kapp and estate planner Brenda Jackson-Cooper,
HRC Legal Director Lara Schwartz and HRC State
Legislative Director Chris Edelson.
Tuesday, April 15:
Faith and religious leaders will gather to
raise awareness and call attention to the tax
inequity faced by their gay parishioners.
The Human Rights Campaign is America’s
largest civil rights organization working to
achieve gay, lesbian, bisexual and transgender
equality. By inspiring and engaging all
Americans, HRC strives to end discrimination
against GLBT citizens and realize a nation that
achieves fundamental fairness and equality for
all.
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