34 results for tag: economic growth


Tea Party Patriots Citizens Fund Congratulates U.S. House for Passing Tax Reform

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement reacting to the U.S. House of Representatives passing the tax reform conference report. “Tea Party Patriots Citizens Fund congratulates the House of Representatives for delivering on the promise to pass tax reform that allows the American people to keep more of their hard-earned money and reforming our tax code to be flatter, fairer, and simpler. We appreciate that the House was willing to amend their version of tax reform to include repeal of Obamacare’s individual mandate, which will lift a huge burden from the American people and ...

The Best Christmas Gift of 2017: Tax Reform

The GOP’s tax reform plan is the Christmas gift that we’ve all been waiting for and could be the gift that keeps giving. It has the potential to bring historic tax cuts, more money in our pockets and a brighter future for our families and our country. President Trump has tirelessly pushed for Congress to craft tax cuts that will put people back to work, raise wages and make “Made in the U.S.A.” a reality once again. The Washington Examiner has the details: The new tax code will cut income taxes for just about everyone, including a yearly tax break for the average middle-class family of up to $2,000. The standard deduction will double to ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 12/18/17

CALENDAR: The House will return Monday, and stay in session through Thursday. The Senate will also return Monday, and stay in session through Thursday. LAST WEEK ON THE HOUSE FLOOR: The House came back into session last Monday evening, and passed two bills under Suspension of the Rules. On Tuesday, the House took up and passed H.R. 3971, the Community Institution Mortgage Relief Act, by a vote of 294-129. On Wednesday, the House took up and passed H.R. 1638, the Iranian Leadership Asset Transparency Act, by a vote of 289-135. On Thursday, the House took up and passed H.R. 2396, the Privacy Notification Technical Clarification ...

Key changes in the tax reform conference report

Senate Finance and House Ways and Means staffers worked through the weekend last weekend to produce draft discussion documents. By the time the conference met officially on Wednesday at 2 PM, the negotiators had already wrapped up their agreement. For the most part, the conference report measure looks like the Senate bill. That’s not surprising, given that there’s less room for error in passing the final bill through the Senate – the more the conference report looks like the bill that passed the Senate, the better its chances of passage in the upper chamber. That’s not to say there were no changes from the Senate bill. There were. The ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 12/11/17

  CALENDAR: The House will return Monday, and stay in session through Thursday. The Senate will also return Monday, and stay in session through Thursday. LAST WEEK ON THE HOUSE FLOOR: The House returned last Monday evening, and the GOP leadership immediately ran into an unexpected buzz saw, in the form of a rebellion by the House Freedom Caucus against what it anticipated would be a terrible deal on the Continuing Resolution. To make their determination to avoid a year-end spending catastrophe very clear, the members of the House Freedom Caucus threatened to vote against a routine but important procedural motion – the motion to ...

Republican tax plans strengthen small businesses and encourage innovation

The United States’ economic backbone was forged by the efforts of small businesses and entrepreneurs, and the vast majority of innovation in the U.S. is provided by smaller entrepreneurial companies. The House and Senate tax plans provide lower tax rates and deductions for small companies that provide the most innovation and jobs in America. The Washington Examiner has the details: To give this some context, there are approximately 3.4 million small companies that are classified as S corporations, LLCs or LLPs, and these firms employ more than 32 million people. That doesn’t even include sole proprietorships, which comprise 21.9 million of the ...

Tea Party Patriots Citizens Fund Commends Senate for Passing Tax Reform Bill

Atlanta, GA – Tea Party Patriots Citizens Fund Chairman Jenny Beth Martin released the following statement today in response to the Senate passing their tax reform bill. “Tea Party Patriots Citizens Fund and our nationwide network of more than 3 million supporters commends the Senate for passing a tax reform bill. We appreciate the Senate included repeal of Obamacare’s individual mandate as a first step toward full repeal of Obamacare and it is critical that the provision is included in the final bill. We will be watching the conference between the House and Senate and will do everything we can to ensure the final bill that is sent to ...

November 13, 2017 The United States Senate Washington, DC 20515   Dear Chairman Hatch, Ranking Member Wyden and Senate Finance Committee Members,   Congress has before it a generational opportunity to reform and simplify the broken U.S. tax code, ensuring that Americans keep more of what they earn while unleashing our economy to grow and create jobs. Key to this effort is updating our tax laws to keep pace with new economic realities. We write to commend Chairman Hatch for including in his Tax Cuts and Jobs Act proposal important legislation, the New Economy Works to Guarantee Independence and Growth (NEW GIG) Act of ...

November 8, 2017 The United States House of Representatives Washington, DC 20515   Dear Chairman Brady, Ranking Member Neal and House Ways and Means Committee Members,   We write to urge the House Ways and Means Committee to simplify and modernize our tax code to meet the needs of service providers in one of the fastest growing segments of the economy with the addition of the New Economy Works to Guarantee Independence and Growth (NEW GIG) Act of 2017 (S. 1549) to the House tax reform legislation. The legislation introduced by Rep. Tom Rice (R-SC) and Sen. John Thune (R-SD) would update the tax code and bring it in line ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 11/6/17

  CALENDAR: The House will return Monday, with first votes set for 6:30 PM. The House is scheduled to hold its last vote no later than 3 PM Thursday. The Senate also returns on Monday, with the first vote set for 5:30 PM. LAST WEEK ON THE HOUSE FLOOR: On Thursday, October 26, the House took up H.Con.Res. 71, establishing the congressional budget for the U.S. Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027. This was a vote on the Senate-passed budget resolution, and its passage meant that there was no need to go to conference to work out differences between the House-pas...