Tax Reform
Since I was first elected to Congress, my mission has always been to help Arizona families. I believe through stopping wasteful government spending and bringing forward measures that help create well-paying jobs and shrink our debt, we can build a healthier economy and secure the economic future of America's children. In 2017, the Tax Cuts and Jobs Act was signed into law, becoming our country's most sweeping overhaul of the federal tax code in over three decades.
Each year after passage of the bill we have consistently seen great news for the economy. Our monthly jobs reports have shown low unemployment, more jobs, and an increase in wages across the spectrum, particularly in minority groups and women. I will continue to support pro-growth policies that drive economic prosperity, as well as ensure that our tax code works for our nation's families and keeps the United State's economy competitive.
More on Tax Reform
WASHINGTON, DC - Today, Congressman David Schweikert (AZ-06) released the following statement applauding introduction of H.R. 14, House Republicans Commitment to Defeat the Virus and Keep America Healthy Act. This legislation is comprised of provisions introduced by Members on the Ways and Means Committee, Energy and Commerce Committee, and Appropriations Committee.
WASHINGTON, DC - Today, Congressman David Schweikert joined a group of bipartisan Ways and Means Committee members in calling on the Community Development Financial Institutions Fund (CDFI) to ensure Native Communities have fair access to the New Markets Tax Credit (NMTC). The NMTC has been a successful tool to generate jobs and business opportunities in America’s most distressed rural and urban communities, yet the latest round of NMTC allocation did not provide any credits to entities that commit 100 percent of their activities to aiding Native communities.
WASHINGTON, DC - Today, Congressman David Schweikert (AZ-06) led a bipartisan letter with members of the Arizona congressional delegation asking House Leadership to include language in the next COVID-19 relief package to allow business expenses paid for by the Paycheck Protection Program (PPP) to be tax-deductible.
WASHINGTON, DC - Today, U.S. Reps. David Schweikert (AZ-06), Bill Pascrell, Jr. (NJ-09), Jackie Walorski (IN-02), and Jimmy Panetta (CA-20) introduced bipartisan legislation to ensure new parents quickly receive the additional $500 per child payment provided by the CARES Act. Currently, parents of children born on or after January 1, 2020, must wait until they file taxes in calendar year 2021 to receive those payments due to eligibility for the additional $500 per child being based on existing Child Tax Credit (CTC) rules.
Dear Ranking Member Brady:
On behalf of National Taxpayers Union, the nation’s oldest taxpayer advocacy organization, we write to applaud you and your colleagues for the Ways and Means Republicans’ Pro-Growth Agenda. In particular, NTU strongly supports the American Innovation and Competitiveness Act (AICA) from Representative Estes, the Accelerate Long-Term Investment Growth Now (ALIGN) Act from Representative Arrington, and the Coronavirus Relief for Working Seniors Act from Representative Walorski.
House Ways and Means Committee Republicans have released several proposals designed to incentivize economic growth in the wake of the COVID-19 pandemic.
House Republicans are looking to rally bipartisan support for a batch of new proposals for tax incentives to support medical research, healthy workplaces and coronavirus testing as potential components of an emerging pandemic response package on Capitol Hill.
WASHINGTON—Ways and Means Republicans have introduced two new bills as part of their policy agenda to help Americans returning safely to a healthy workplace. These bills, the Healthy Workplace Tax Credit introduced by Rep. Tom Rice (R-SC) and the Workplace Testing Tax Credit introduced by Rep. David Schweikert (R-AZ), will help businesses safely and responsibly reopen our economy and protect the health and well-being of workers.
WASHINGTON, DC – Today, Congressman David Schweikert (AZ-06) introduced legislation to provide businesses with a refundable payroll tax credit for COVID-19 testing. This legislation would cover 50% of the COVID-19 testing costs for companies working to support the health of their employees and is part of the Ways and Means Republican Returning Safely to a Healthy Workplace Agenda.