Press Releases
Luetkemeyer Responds to Passage of Tax Relief Bill
Washington,
January 31, 2024
Tags:
Taxes
Today, Congressman Blaine Luetkemeyer (MO-3) released the following statement in response to the successful passage of the Tax Relief for American Families and Workers Act. “House Republicans took a massive step toward extending President Trump’s tax plan from 2017. The Tax Relief for American Families and Workers Act encourages American innovation, supports small businesses, punishes China, gives back to families, and cracks down on fraud and waste,” Rep. Luetkemeyer said. “The legislation now goes to the Senate, where I hope Sen. Chuck Schumer and the Democrats won’t stand in the way of our efforts to provide relief for American taxpayers.” Background: The proposed legislation extends tax code reforms from President Donald Trump’s historic 2017 legislation. These reforms enhance the Child Tax Credit to cut down on fraud and maximize relief for American families. They also help small businesses increase their write-offs, introduces tax relief measures for U.S.-Taiwan investment, extends rules for disaster-related losses, excludes certain payments from gross income, addressing the housing crisis, and cracks down on COVID waste. |