More on Tax Reform
For Iowans and all Americans, the end of the year is a time of reflection and looking ahead. This past year, our communities and nation have experienced trials and triumphs – not unlike those felt by Iowa families. In Congress, I’ve had the opportunity to honor Iowans rising to challenges they’ve faced or fighting to better our communities.
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Today, I voted to pass the Tax Cuts and Jobs Act to provide tax relief to the hardworking Iowa taxpayers throughout the Third District who sent me to Washington to work for them. As I have traveled throughout the District I have heard from too many folks who are living paycheck to paycheck struggling to get by.
My goal has always been to focus tax relief on middle and low income Iowans who deserve it the most. And the tax bill I voted for today does just that.
Washington, D.C. - Iowa Congressman David Young today voted to pass the updated, final Tax Cuts and Jobs Act (H.R. 1) following his efforts to change the bill to include provisions important to all Iowans.
Passage came on the heels of an assessment by the Congressional Joint Committee on Taxation showing middle income Americans, those making less than $200,000, will see the most benefits from the tax relief legislation. The analysis also showed the share of all taxes paid by higher income Americans will continue to grow each year.
Washington, D.C. - Iowa Congressman David Young is continuing his fight to protect the wind energy production tax credit.
When I visit folks throughout the Third District, they share with me their successes, and unfortunately, their struggles. I take their stories with me to Congress where I work as hard as I can to help Iowans.
One way to help is by providing tax relief to folks who are struggling to get by, living paycheck to paycheck. And I've met too many folks in the district working more than one job trying to make ends meet.
Congress has been working over the past several months to provide deserved tax relief to hardworking Iowa taxpayers. As we near the finish line, there are groups fighting hard to protect the decades old and status quo tax code which is broken for most everyday Iowans. In their battle to protect the establishment which has left so many individuals and families financially struggling, these groups are spreading falsehoods in an all-out effort to stop progress on common sense tax relief. I thought it was important to dispel some of these myths and present the facts.
Recently, there has been discussion of including a repeal of the Affordable Care Act's individual mandate in the Tax Cuts and Jobs Act.
The individual mandate requires everyone to purchase health insurance, whether they want to or not, and imposes a financial penalty on those who do not purchase health insurance. Repealing the individual mandate will not change any other part of the Affordable Care Act.
WASHINGTON, D.C. - Iowa Congressman David Young today voted to pass the Tax Cuts and Jobs Act. He issued the following statement after the vote:
WASHINGTON, D.C. - Iowa Congressman David Young today sent a letter to the leadership of the U.S. House Ways and Means Committee and the U.S. Senate Finance Committee requesting the wind energy production tax credit not be eliminated in the process of simplifying the tax code.
Congressman Young was joined by 14 other members. The tax credit is currently on year two of a four year sunset ending in 2019.