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to the House of Representatives Committee on Ways and Means in 2009 it was immediately clear that our tax code was outdated.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
Washington, D.C. – Taxpayers across the Sixth District and the nation are celebrating the six-month anniversary of the historic Tax Cuts and Jobs Act that led to bonuses, pay raises and lower taxes. USA Today reports that:
“Tax refunds in the Spring of 2019 are estimated to be 26 percent higher than this year, according to Wall Street firm Morgan Stanley.”
Washington, D.C. – Representative Peter Roskam (R-IL), joined his colleagues on the Ways and Means Oversight Subcommittee to question representatives from the Internal Revenue Service (IRS) and the Department of Justice (DOJ) on their abuse of civil asset forfeiture.
Washington, D.C. — This week, House Ways and Means Committee held hearing to hear from business owners who are seeing the positive effects of the Tax Cuts and Jobs Act reflected in their businesses. Among the witnesses, local employer Zach Mottl, Chief Alignment Officer, Atlas Tool Works & Die, Inc.
Washington, D.C. — This week, Representative Peter Roskam (IL-06) achieved key victories when three of his priorities moved through the House as part of a larger IRS redesign package:
Washington, D.C. – In a victory for families across Illinois, The U.S. Department of the Treasury has agreed that an advisory issued by the IRS does not address Illinois and, therefore, taxpayers in Illinois are not bound by the IRS guidance and are able to deduct their prepaid property taxes. Representative Peter Roskam (IL-06) released this statement following the news:
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.
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:
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:
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.