Rep. Bieda, having reserved the right to explain his protest against passage of the bill, made the following statement:
"Mr. Speaker and members of the House:
Although I sympathize with the intent of this bill, and I understand the situation the sponsor of this bill personally found his family in, I thought this bill had the potential for a very expensive impact to the State Treasury. Certainly the estimated $2 million dollar impact has to be taken into consideration. But noting that taxpayers may need to tap into several different funds to pay for catastrophic medical expenses -- including wages, home equity loans, savings, IRAs, etc, it seems almost unfair to afford one means (IRAs) a special preferential tax treatment while excluding the other sources for the tax preference. Unfortunately, if we were to expand it to include all catastrophic medical expenses the bill could balloon to over $80 million dollars according to numbers provided by the Department of Treasury."