Taxes
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August 10, 2022
Press Release
NEWPORT NEWS, VA – Congressman Bobby Scott (VA-03), Chairman of the House Committee on Education and Labor, issued the following statement announcing his support for the Inflation Reduction Act:
“The Inflation Reduction Act delivers key components of President Biden and Congressional Democrats’ agenda to invest in jobs and the economy while lowering costs for working families. This legislation will lower the cost of health care, prescription drugs, and energy for millions of American families. Medicare will finally be able to negotiate for lower prescription drug prices and lower costs for seniors. The bill also builds on the success of the American Rescue Plan’s expansion of the subsidies under the Affordable Care Act to lower health costs, which helped us reach the lowest number of uninsured people ever.
April 5, 2022
Press Release
WASHINGTON, DC – U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), a member of the tax-writing House Ways and Means Committee, introduced the Offshore Wind American Manufacturing Act, transformational legislation that will use the U.S. tax code to grow offshore wind energy through new investment and production tax credits. These credits will strengthen jobs in domestic manufacturing and facilitate expansion of offshore wind to make the United States an international leader in clean energy. The legislation is sponsored by Reps. Pascrell, Donald Norcross (D-NJ-01), Robert C. "Bobby" Scott (D-VA-03), Elaine Luria (D-VA-02), and A. Donald McEachin (D-VA-04).
April 5, 2022
Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the Biden-Harris Administration announced actions to strengthen the Affordable Care Act, including by eliminating one barrier – the “family glitch” – which has prevented some workers from accessing tax credits to purchase affordable coverage for their families. “Today’s announcement will expand access to affordable health care coverage to more than five million Americans. For 12 years, the Affordable Care Act (ACA) has provided affordable, high-quality health care coverage to millions of people and, as a result, the uninsured rate has significantly declined. Despite its success, many workers and their families have been locked out of premium tax credits due to a previous interpretation of “affordable” by the Internal Revenue Service. By fixing this unintended glitch, the Administration is helping lower health care costs for millions of families.
March 29, 2022
Press Release
WASHINGTON, DC – Today, Education and Labor Committee Chairman Robert C. “Bobby” Scott (VA-03) delivered the following remarks on the House floor in support of H.R. 2954, a bipartisan proposal that makes critical improvements to our retirement system. “Madame Speaker, I rise in support of H.R. 2954, the Securing a Strong Retirement Act of 2022, which incorporates the bipartisan Retirement Improvement and Savings Enhancement Act – or RISE Act – that the Committee on Education and Labor approved by voice vote last fall. I want to thank the gentleman from Massachusetts, Mr. Neal, for his work in incorporating this legislation in the SECURE 2.0.
March 28, 2022
Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after President Biden released a proposed budget for Fiscal Year 2023. “The Biden-Harris Fiscal Year 2023 budget proposal lays out a clear vision for how America can build back better and meaningfully improve the lives of our nation’s students, workers, and families. The proposed budget reflects a key commitment to reverse decades of underfunding in education and build on the success of the American Rescue Plan.
March 2, 2022
Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement in response to President Biden’s State of the Union address to Congress. “Tonight, President Biden laid out a path for how we continue to build back a better America— one where we can continue to lower costs for all Americans and secure democracy across the world. As President Biden noted, the American Rescue Plan, which Congress passed last March, provided historic relief that helped reopen classrooms safely, supported workers who lost their jobs, and ensured struggling Americans could get back on their feet. The return on these investments is clear in our economic recovery.
December 20, 2021
Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement regarding the next steps for the Build Back Better Agenda. "The Build Back Better Act advanced by House Democrats secures vital investments in America’s future. Every piece of our proposal addresses an urgent challenge facing families and communities across the country and it is fully paid for by making the wealthiest pay their fair share in taxes. While I am extremely disappointed that this bill has been stalled in the Senate, I will not stop working to lower costs for families and create good-paying jobs for our nation’s workers. Our constituents sent us to Congress to get things done. In the days and weeks ahead, we must find a path forward to deliver for the American people."
November 22, 2021
Press Release
NEWPORT NEWS, VA – Congressman Bobby Scott (VA-03) highlighted a new report from the Joint Economic Committee that estimated 83,000 Child Tax Credit monthly payments were sent to families in Virginia’s Third Congressional District. A total of $38,800,000 in tax cuts went back in the pockets of hardworking 3rd district families, covering 154,000 district children in November. The expanded CTC, included in the American Rescue Plan, is one of the largest-ever single-year tax cuts for families with children. “Democrats in Congress are squarely focused on putting more money in the pockets of working families and the Biden Child Tax Credit, enacted in the American Rescue Plan, is doing just that in my district and across the country,” said Congressman Scott.
February 19, 2021
Page
On Thursday, February 18, 2021 Congressman Bobby Scott (VA-03) held a Tax Credit Webinar on resources available to constituents as they prepare thier 2020 tax returns and to provide information on the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC). To help answer consituent questions, Congressman Scott was joined by experts from the Commonwealth Institute, the Hampton Roads Community Action Program, and the Virginia Local Taxpayer Advocate.
Video of the Webinar can be found below.
May 12, 2020
Press Release
WASHINGTON, DC - House Democrats today introduced The Heroes Act, a bold and comprehensive coronavirus response bill that will meet the challenge this pandemic poses to our nation. The more than $3 trillion legislation protects the lives and livelihoods of the American people.