Today, the U.S. House of Representatives passed the Protecting Americans from Tax Hikes (PATH) Act. Congressman Bill Flores (R-Texas) released the following statement regarding its passage:
“Improving our tax code and providing economic opportunity are important steps to creating more jobs and better paychecks for hardworking Americans. The PATH Act sets the stage for meaningful, pro-growth tax reform next year and gives us the opportunity to deliver the bold, conservative vision America needs.
“While this tax extenders package is not perfect, it delivers many significant, conservative provisions that will improve economic opportunity. By making key pro-growth tax provisions permanent, this bill allows our nation’s businesses and families to better plan for the future. It makes permanent tax extensions that foster research and development, driving long-term economic growth and innovation. It reforms fraud-ridden tax programs, saving billions of taxpayer dollars. It also includes measures that will help America’s small businesses thrive, will ensure fairness for taxpayers and will support charitable Americans who give to those in need.
“The PATH Act also permanently extends the state and local tax deduction. This is a big win for Texas and other states that do not have an income tax. By making this deduction permanent, Texans will be assured that they will be able to keep more of their hard earned paychecks.
“Another solid win from this package is that it omits a provision to open up more taxpayer funds to support Obamacare’s risk corridor program. We achieved this protection despite an aggressive push from the White House and Democrats. The program, which has been called a ‘taxpayer bailout’ for insurance companies, will be prohibited from using taxpayer funds for this purpose.”
Congressman Bill Flores represents the 17th District of Texas and is an entrepreneur, former energy executive, Certified Public Accountant (CPA), Chairman of the Republican Study Committee (RSC) and member of the House Energy and Commerce Committee.
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