Tag: growth

A Look Back at this Session

Yesterday marked the last day of session for the U.S. House of Representatives until September. (The same does not hold true for the U.S. Senate, who will stay in Washington through August due to historic obstruction by the Democrats.)

As I headed back to Minnesota to continue working in the district, I reflected on the House’s accomplishments so far for you and your family. After years of struggling to not just get ahead, but to keep up, Americans are finally starting to see opportunity, jobs and confidence come back.

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Another Bill Passes

Washington is a flurry of news – ongoing negative coverage on the President’s historic meeting with North Korea, Majority Leader McConnell’s decision to cancel the Senate’s August recess due to unprecedented Democratic obstruction of the President’s appointees, and Nancy Pelosi raining on America’s LOW unemployment parade.

Meanwhile, over in the House of Representatives, I’ve been hard at work on the Financial Services Committee to continue delivering relief to Main Street. Getting S.2155, the most significant rollback of the Dodd-Frank Act in nearly a decade (which included my Home Mortgage Disclosure Act) across the finish line was a major accomplishment, but it was just the first step. Last week, the Financial Services Committee unanimously passed a new bill I introduced, the Main Street Growth Act, 56-0. It’s not every day the other side of the aisle agrees with Republicans, but some solutions are so common sense, there’s no question.

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Putting the Middle-Class First

I am happy to announce that today, for the first time in 31 years, the House of Representatives passed the first significant tax reform. Since 1986, Americans have been forced to stand idly by as our state and local governments took more and more of our hard-earned dollars.

Thankfully, today, the House of Representatives said no more.

After numerous conferences, meetings, committee hearings and public debates, we were able to pass major tax reform that puts American families and the middle-class first.

The final product isn’t perfect but gets us started and overhauling an archaic and overly burdensome tax code. And most importantly, Congress listened to the American people and made changes that were demanded.

But, we need your help to get it over the finish line. The Tax Cut and Jobs Act still has to pass the Senate, and as we saw with health care, that’s easier said than done. We cannot let the hard work of the house die in the Senate once again. So, in the coming weeks, let your Senators hear from you. Write them emails and call their offices, place letters to the editor in your local papers, and make your voice heard.

Simple is Better

There are big advancements occurring regarding Congress reforming our nation’s tax code.

Last week, the House Ways and Means Committee passed the Tax Cuts and Jobs Act after dozens of hours of debate and conversation. Chairman Kevin Brady introduced two amendments that were added to the bill to better reflect the demands of the American people – one big change is retaining the Adoption Tax Credit.

The Tax Foundation estimates that under this bill, 19,525 jobs will be added in Minnesota and middle-class Minnesota families are estimated to gain $3,090 in after-tax income.

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