100 Members of Congress Support Physical Activity Incentive
PHIT Act Will Lower Activity Costs for Consumers
Silver Spring, MD, July 18, 2016 – Today the Personal Health Investment Today (PHIT) Act (H.R.1218 & S.2218) received support from the 100th Member of Congress when Congressman Scott Dejarlais, a doctor from Tennessee signed on as a co-sponsor in the House of Representatives.
The inactivity pandemic is a national problem that transcends politics. At a time when partisan politics are at an all-time high, the PHIT Act is truly bi-partisan as the 100 supporters are almost evenly split between Democrats (55) and Republicans (45) with new co-sponsors added every month since it was introduced, (except August 2015 when Congress was not in session). The bi-partisan support for a health-related tax bill makes the PHIT Act extremely unique and could be the key to its success. The 100 supporters are made up of 87 Congressman and 13 Senators.
“This remarkable level of growth is an indicator of the progress that SFIA, PHIT America and our coalition partners done working with Congress to promote active, healthy lifestyles.” said SFIA Vice President Government Relations and Public Affairs, Bill Sells.
The Sports and Fitness Industry Association (SFIA) is leading a Coalition that includes medical, sports, fitness and youth organizations in promoting the PHIT Act to lower the financial barrier to active lifestyles. The combined efforts and commitment to increasing activity in America has doubled Congressional support for the bill which had 50 co-sponsors in the last Congress.
Physical activity is the wonder drug and it requires an investment of time and money. The PHIT Act will encourage active lifestyles by allowing consumers to use these pre-tax funds to pay their activity expenses and increased activity will reduce the incidence of preventable chronic conditions. The PHIT Act will have a direct impact on improving health in America by making physical activity expenses reimbursable through pre-tax dollars in Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Americans would also be able to deduct physical activity costs once they meet the 7.5 percent threshold for medical expenses.
Expenses eligible for reimbursement under the PHIT Act include sports and fitness equipment solely used to participate in a physical activity, gym memberships, fitness & exercise classes, sport/activity camps & clinics, youth & adult sports’ registration fees, lessons & clinics, running & fitness event registration fees, yoga and other physical activity expenses. This will make physical activity more affordable for all Americans, and especially families.
To voice your support of the PHIT Act to Congress, please visit www.PassthePHITAct.org and follow #PassthePHITAct.
ABOUT SFIA: The Sports & Fitness Industry Association (SFIA), the #1 source for sport and fitness research, is the leading global trade association of manufacturers, retailers, and marketers in the sports products and fitness industry. SFIA seeks to promote sports and fitness participation as well as industry vitality through research, thought leadership, public affairs, industry affairs, and member services. For more information, please visit www.sfia.org.