Today, Thursday, December 17, 2015, the U.S. House of Representatives voted on a legislative package to help American taxpayers.
– Today, Thursday, December 17, 2015, the U.S. House of Representatives voted on a legislative package to help American taxpayers.
The
Protecting Americans from Tax Hikes (PATH) Act, is bipartisan legislation that aims to ensure American taxpayers keep more of their hard-earned dollars while simultaneously growing our economy. The legislation makes more than twenty tax provisions permanent, prevents tax increases for millions of Americans, and provides tax relief for small businesses.
After voting in support of the legislation, U.S. Congressman David G. Valadao (CA-21) released the following statement:
|
“By making these tax provisions permanent, we are providing certainty to Americans and simplifying the tax process. I believe Americans should get to keep more of their hard-earned dollars, and that is exactly what this bill does,” stated Congressman Valadao. “Since coming to Congress, I have supported legislation to ensure tax deductions for teachers who use their own money for classroom expenses, a provision included in the package today. These are common sense reforms.” He continued, “The package passed in the House today is just the beginning. The PATH Act is the first step in overhauling our entire tax code.”
|
Under the bill, the following tax credits will be be made permanent:
- Deduction for Teacher Classroom Expenses
- Earned Income Tax Credit
- American Opportunity Tax Credit
- Child Tax Credit
- Section 179 Expensing
|
Further more, the legislation temporarily extends the Charitable Donations to Agricultural Research Organizations tax credit.
The
Protecting Americans from Tax Hikes (PATH) Act passed in the United States House of Representatives on Thursday, December 17, 2015 by a vote of 318-109.
Congressman David G. Valadao represents the 21st Congressional District, which includes Kings County and portions of Fresno, Tulare, and Kern Counties.
