Tax Reform
Americans agree: the federal tax code is broken. Filing your taxes is too complicated, too time-consuming, and too costly. Our nation is in desperate need for fundamental tax reform to broaden the base of taxpayers, eliminate special interest tax credits, and lower the tax rate for individuals and businesses alike. Tax reform can immediately boost job creation and competitiveness, since our current system penalizes companies who want to invest in America through double-taxation. Furthermore, businesses are faced with one of the highest corporate tax rates in the world, resulting in fewer jobs for American workers.
More on Tax Reform
WASHINGTON, DC - Congressman Bob Gibbs was recognized as a Champion of the Historic Tax Credit Tuesday evening by Preservation Action, the Historic Tax Credit Coalition, the National Trust for Historic Preservation and National Conference of State Historic Preservation Officers. Gibbs’ efforts were critical in protecting the tax credit during last year’s debate and negotiations of the Tax Cuts and Jobs Act.
The Historic Preservation Tax Credit helps revitalize struggling downtown neighborhoods and restores historically significant buildings.
WASHINGTON, DC - After voting to approve the Conference Report for HR 1, the Tax Cuts and Jobs Act, Congressman Bob Gibbs released the following statement:
WASHINGTON, DC – Congressman Bob Gibbs joined colleagues today in supporting S. Con. Res. 3, a budget resolution that takes the first steps in repealing Obamacare. The resolution, having previously cleared the Senate earlier this week, provides the opportunity to pass the measure with a simple majority in both chambers through a process called budget reconciliation.
After the vote, Congressman Gibbs released the following statement:
WASHINGTON, DC – Seniors facing what amounts to a tax increase as a result of Obamacare may find relief if the Senate takes up legislation passed by the House Tuesday. The Halt Tax Increases on the Middle Class and Seniors Act repeals an Obamacare provision that raises the amount of total medical expenses from 7.5 percent of income to 10 percent for Americans to claim those expenses as itemized deductions on their taxes. This provision, already in effect for Americans under the age of 65, will hit seniors in 2017 if the Senate and President do not act.
WASHINGTON, DC – With Tax Day this past Monday and the sting of dealing with the Internal Revenue Service still fresh in the minds of millions of Americans, the House approved several bills to reform the government agency this week. Following passage of two bills yesterday, the House voted on H.R. 3724, the Ensuring Integrity of the IRS Workforce Act this morning. H.R. 3724 prevents the IRS from rehiring former employees who were fired for misconduct.
WASHINGTON, DC – Following the announcement of President Obama’s budget proposal for 2017, Congressman Bob Gibbs released the following statement:
WASHINGTON, DC – Congressman Bob Gibbs released the following statement after passage of the Protecting Americans from Tax Hikes (PATH) Act:
WASHINGTON, DC – After voting against the Bipartisan Budget Act, Congressman Bob Gibbs released the following statement:
“This afternoon, I voted against a budget proposal that increases spending above the sequester. Since the Budget Control Act was passed in 2011, the House has made significant progress in cutting discretionary spending.
WASHINGTON, DC – On Thursday the House of Representatives voted on H.R. 160, the Protect Medical Innovation Act. H.R. 160 will repeal the medical device tax included in Obamacare. The tax adds a 2.3 percent excise to purchases of certain medical devices. Critics of the tax, including Congressman Bob Gibbs, have argued that the tax will stifle growth and innovation in the medical technology industry while passing the costs on to the consumer.
After passage, Congressman Bob Gibbs released the following quote: