A new report from the Joint Committee on Taxation shows that the Tax Cuts and Jobs Act (TCJA) succeeded in promoting business investments in plants and equipment, increased employment, and encouraged businesses to return to the U.S. These gains would be reversed by President Biden's pledge to ...
President Biden has urged a full repeal of Republican tax reform, which would lead to a tax increase on most Americans. He has also offered that “Anybody making more than $400,000 will see a small to a significant tax increase. If you make less than $400,000, you won’t see one single penny in additional federal tax.” Americans for Tax Reform
In a forceful opening statement, Ways and Means Republican Leader Kevin Brady (R-TX) announced that Republicans would not be participating in Democrats' partisan "Members' Day" hearing that allows for no meaningful dialogue between both parties on a crucial issue like infrastructure. Following his remarks, Rep. Brady logged off and kicked off a
Ohio's attorney general is suing the Biden administration over the new $1.9 trillion spending bill's unconstitutional attack on states' ability to set their own tax policies. From The Washington Post: The "stimulus law opened the door for cash-strapped local ...
WASHINGTON -- Rep. Kevin Brady (R-TX) issued the following statement on the IRS's announcement that it will extend the tax filing deadline to May 17. “Democrats’ $1.9 trillion bill continues to cause chaos, to the point that delaying tax filings in order to accommodate the law’s provisions may be a wise decision. Yet this is where the problems begin, not where they stop, as the agency will ...
WASHINGTON, DC – Today, House Republican leaders sent a letter to Secretary of the Treasury Janet Yellen highlighting the urgent need for guidance and requesting clarification from the Treasury Department on questions pertaining to the Coronavirus State Fiscal Recovery and Coronavirus Local Fiscal Recovery Funds included in the American Rescue Plan (ARP). The letter was led by top Republican ...
WASHINGTON – Rep. Kevin Brady (R-TX), Republican Leader of the House Committee on Ways and Means, issued the following statement on the Senate confirmation of Katherine Tai as U.S. Trade Representative. “Katherine Tai’s impeccable credentials, especially as a distinguished alum of our Ways & Means Committee staff, will serve her well in her new role as the U.S. Trade Representative. ...
President Biden nominated former Pennsylvania Health Secretary Dr. Rachel Levine for the position of Assistant Secretary of Health at the Department of Health and Human Services. Dr. Levine was responsible for implementing Pennsylvania Governor Tom Wolf’s policy that required nursing homes to admit or readmit residents infected with COVID-19. This was the same policy pursued by ...
Democrats exploited the pandemic to pass "the most progressive legislation in our lifetime," in their own words--and ultimately will harm our economic recovery, argues Rep. Jackie Walorski (R-IN), Republican Leader on the Subcommittee for Worker and Family Support in an oped for the South Bend Tribune. Key Takeaways: After ...
WASHINGTON, DC – With new reports of unemployment insurance fraud surfacing daily, Republican Ways and Means leaders requested their House Democrat counterparts to hold a joint hearing to investigate the extent of fraud in CARES Act unemployment programs. The letter was signed by Ways and Means Republican Leader Kevin Brady (R-TX), Ways and Means Worker and Family Support Subcommittee ...