Tax Updates

When I was appointed to the House of Representatives Committee on Ways and Means in 2009 it was immediately clear that our tax code was outdated. The last time our tax code was reformed it was 1986 and the Chicago Bears were defending Super Bowl Champions, the Berlin Wall was standing, and the internet was not yet a commercial enterprise. Since then, our tax code had grown to a bloated 74,000 pages, filled with loopholes and carve outs for the Washington elite. Middle-income families have struggled and American companies have moved overseas. 

More on Tax Updates

Jan 23, 2018 Press Release

Washington, D.C. — As we near the end of our first month under a new tax code designed for middle-income families and small businesses, it’s already become evident that this new legislation is having a positive impact on our economy and in the lives of millions of Americans.

Jan 10, 2018 Press Release

DuPage County, IL — Representative Peter Roskam (IL-06) released the following statement on the appointment of fellow Illinois GOP Representative Darin LaHood (IL-18) to the House Ways and Means Committee: 

Dec 22, 2017 Press Release

Washington, D.C. — One after another, some of our nation’s largest job providers are announcing increased investments in the American economy, increases in minimum wage and substantive bonuses as a result of the passage of the Tax Cuts and Jobs Act. Businesses large and small are praising the passage of this historic bill that will provide a much-needed economic boost to this country.

On the day the tax bill was passed, the following companies announced their intentions to reinvest in their employees and the American economy:

Dec 20, 2017 Press Release

Washington, D.C. — Representative Roskam (IL-06) released the following statement on the passage of H.R. 1, the Tax Cuts and Jobs Act, through both chambers of Congress: 

“Today is a great day for Americans – Congress followed through on its commitment to the American people and delivered a tax code that is simpler and fairer and will allow millions of Americans to keep more of the money they earn.

Dec 19, 2017 Press Release

Washington, D.C. — Today, the House took an historic step in providing middle-income families across America with real tax relief. Representative Peter Roskam (IL-06) joined his colleagues in voting “Aye” to pass the Tax Cuts and Jobs Act, 227-203. The bill moves to the Senate for a vote later today; the President is expected to sign the bill before lawmakers adjourn this session.

Dec 7, 2017 Page

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The Tax Cuts and Jobs Act is a once-in-a-generation opportunity to cut taxes, increase take home pay, eliminate loopholes, and bring jobs back to the U.S.

Dec 5, 2017 Press Release

Washington, D.C. — Today, House Speaker Paul Ryan named Republican lawmakers to serve on the House-Senate Conference Committee for the Tax Cuts and Jobs Act. Representative Roskam (IL-06) was selected as one of five members of the Ways and Means Committee to work with members of the Senate to reconcile the respective tax bills and present a final version for a full vote.

Regarding the appointment, Rep. Roskam released the following statement:

Nov 29, 2017 Press Release

Washington, D.C. — Today, Republican Members of the Illinois Congressional Delegation responded to letters they received last week from Senators Dick Durbin and Tammy Duckworth concerning tax reform and the impact on middle-income families.
The following letter was sent by U.S. Reps. John Shimkus (IL-15), Peter Roskam (IL-06), Randy Hultgren (IL-14), Adam Kinzinger (IL-16), Rodney Davis (IL-13), Mike Bost (IL-12), and Darin LaHood (IL-18):

Nov 16, 2017 Page
The Tax Cuts and Jobs Act is designed to get our economy growing and increase take home pay for hardworking families.  It will do just that.  The status quo of the tax code is indefensible, and we have the opportunity of a lifetime to seize this reform.  Our tax code is a self-imposed weight dragging on our economy, and we have the power to change it.