With the presidential election only a few weeks away, candidates are spending a lot of time and money to educate the public on their political agenda. Whoever is elected to the highest office in the nation, we can expect changes to occur in all areas of government. For NSSTA, tax reform is always an urgent issue. This is especially true in these times of large scale changes in our governing bodies. Protecting the income tax-free status of structured settlements is a priority that we focus on 365 days a year.
One of our biggest goals at NSSTA is to keep settlement payments income tax-free for victims of injury and illness. We work to accomplish this by educating our elected officials on the benefits of structured settlements. Through the efforts of NSSTA and our members we continue to build a team of advocates and allies that support the use of structured settlements as a tool for financial security.
On March 23, more than 50 structured settlement industry leaders attended the 2016 American Association of People with Disabilities Leadership (AAPD) Awards Gala in Washington, DC. This year, 22 members of the National Structured Settlements Trade Association (NSSTA) contributed $80,000 to the AAPD.
On March 16 The Washington Post printed an editorial titled, “Maryland lawmakers should crack down on the structured-settlement industry to prevent the theft of poor people’s futures.”
For years, structured settlement industry leaders from all across the country made it clear that they were concerned about losing the structured settlement brand and they want to take it back from the factoring companies. The National Structured Settlements Trade Association listened to our members and implemented a multifaceted action plan to strengthen State Structured Settlement Protection Acts, identify new opportunities that expand the use of structured settlements, adopt innovations to strengthen the structured settlement professio