Tax Reform
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More on Tax Reform
December 20, 2018
Press Release
Never in our nation’s history have we placed a tax on places of worship, always respecting the sanctity of our religious liberty. In this season of giving, our charities and churches should be encouraged to know that the House is dedicated to stopping new taxes and compliance fees that threaten to impede the life-altering work they perform in each of our communities.
November 29, 2018
Press Release
WASHINGTON, D.C. – U.S. Representative Mark Walker (R-N.C.) today released the following statement after text from his legislation, H.R. 6460, the Lessening Impediments From Taxes (LIFT) for Charities Act was proposed as an amendment to H.R. 88, the Retirement, Savings, and Other Tax Relief Act by House Ways and Means Chairman Kevin Brady (R-Texas):
September 28, 2018
Press Release
"North Carolina families are winning again and we want to continue the momentum. Tax Reform 2.0 will provide our families and local employers more certainty, solidifying lower taxes, a permanent doubling of the Child Tax Credit and the first-ever Paid Family Leave Credit, while lowering the share of the tax burden for middle-income workers and raising it for millionaires."
September 4, 2018
Press Release
Looking at the MTB petitions that make up the Miscellaneous Tariff Bill (MTB) Act of 2018, one thing is clear, North Carolina is a big winner. Of those 333 petitions, 19.75%, are manufacturers in North Carolina, more than any other state. That represents a savings of $71 million in 2018, also the most in the nation.
August 29, 2018
Press Release
"Whether it is Japanese companies laying roots in Lee County, or national brands making significant investments in east Greensboro, it’s clear that our economy is roaring back and creating new opportunities for our families. While we still have far to go, we are restoring the chance of the American Dream."
"North Carolina Manufacturer Doubling Workforce, Building New Production Facility Due to Tax Reform"
Thanks to tax reform, Advanced Superabrasives of Mars Hill, North Carolina, is creating high-paying jobs, investing in workforce training and growing its operations. But what’s even more impressive is it has already given many of the 43 employees not just one, not just two, but three pay raises in 2018.
July 27, 2018
Press Release
Looking at the MTB petitions that make up the Miscellaneous Tariff Bill (MTB) Act of 2018, one thing is clear, North Carolina is a big winner.
July 25, 2018
Press Release
The House passes H.R. 6199, the Restoring Access to Medication and Modernizing Health Savings Accounts Act, to provide relief from Obamacare's tax on over-the-counter medications and modernize HSAs, as well as H.R. 6311, the Increasing Access to Lower Premium Plans and Expanding Health Savings Accounts Act, to expand access and use of HSAs and lower premiums on health care plans.
July 24, 2018
Press Release
The House passes H.R. 184, the Protect Medical Innovation Act, to repeal the excise tax on the sale of a medical device by a manufacturer, producer, or importer.
July 19, 2018
Press Release
The Lessening Impediments From Taxes (LIFT) for Charities Act eliminates a measure that requires charities, churches, and traditionally tax-exempt organizations to pay federal taxes on employee benefits.