Tax Reform

KOMO: Rep. DelBene weighs in on expanding child tax credit, addressing poverty

| Posted in In the News

KOMO News caught with Rep. Suzan DelBene for the Connect to Congress series. DelBene represents Washington's 1st congressional district, which covers parts of King and Snohomish counties. The congresswoman spoke about new legislation she is co-sponsoring that would expand and improve the child tax credit. "We just introduced the American Family Act which is the expanded child tax…

The New Republic: Democrats Are Picking a New Fight Over the Expanded Child Tax Credit

| Posted in In the News

For Melissa Lester, a mother of two from Columbus, Ohio, the rising cost of childcare is a nearly insurmountable obstacle. Lester, a social worker and member of the advocacy group MomsRising, told the Senate Finance Committee in a hearing on Wednesday that her family paid more on childcare than on their mortgage, with the annual cost amounting to more than one year of tuition at…

FOX: Legislative bill seeks to make expanded child tax credit permanent

| Posted in In the News

Legislators in the House of Representatives pushed a bill forward that seeks to restore a COVID-19-era tax break for American families. U.S. Representatives Rosa DeLauro, D-Conn., Suzan DelBene, D-Wash., and Ritchie Torres, D-N.Y. recently introduced the American Family Act of 2023, which, if passed, would restore the expanded, monthly Child Tax Credit (CTC) to parents and kids across…

DelBene, DeLauro, Torres Introduce Legislation to Expand and Improve Child Tax Credit

| Posted in Press Releases

Today, Representatives Suzan DelBene (WA-01), Rosa DeLauro (CT-03), and Ritchie Torres (NY-15) introduced the American Family Act, legislation that would make permanent the expanded and improved monthly Child Tax Credit (CTC). The expanded and improved CTC that was signed into law as part of the American Rescue Plan was based on the American Family Act and served as the largest tax cut…

Forbes: House Proposal Would Restore Expanded And Improved Monthly Child Tax Credits

| Posted in In the News

A group of U.S. Representatives has introduced the American Family Act, legislation that would make the previously expanded and improved monthly child tax credit permanent.   Background   During Covid-19, the American Rescue Plan Act provided relief for American families through a series of payments and credits. One of those was a “super-charged” version of the child tax…

The Spokesman-Review: House passes compromise deal to raise debt limit, despite opposition from Northwest lawmakers in both parties

| Posted in In the News

The House of Representatives on Wednesday passed a bill to raise the nation’s borrowing limit and end the threat of economic disaster – which the House’s Republican majority used to extract concessions from Democrats to limit federal spending – despite Northwest lawmakers from both parties opposing the compromise. The legislation, which passed by a vote of 314-117, raises the…

KIRO 7: Bill to raise debt ceiling and avoid US default passes House

| Posted in In the News

A bill to raise the debt ceiling and avoid the first-ever United States default passed the House on Wednesday. The deal would suspend the debt limit until 2025, cap some federal spending, take back some money from the IRS, tighten eligibility for food stamp programs, and loosen some environmental rules. It now heads to the Senate where leaders hope to move quickly despite a group of…

Huff Post: Republicans Preparing Major Tax Cut Bill For After Debt Ceiling Crisis

| Posted in In the News

House Republicans are preparing a package of tax cuts they could take up soon after Congress gets finished with its debt ceiling crisis. Taking up the tax legislation would represent a reversal of Republicans’ recent focus on reducing the federal budget deficit since more tax cuts would further deplete government revenue.   “Obviously, we got to get through the…

DelBene, Smith, Chu, Malliotakis Introduce Resolution Calling for Action to Avoid Double Taxation with Taiwan

| Posted in Press Releases

Representatives Suzan DelBene (WA-01), Adrian Smith (NE-03), Judy Chu (CA-28), Nicole Malliotakis (NY-11) introduced a bipartisan resolution calling for legislation to avoid double taxation between the U.S. and Taiwan. While the United States and Taiwan cannot enter a formal treaty addressing the tax treatment of international investment, similar tax treatment can be achieved through…

Bloomberg Tax: Lawmakers Revive Push to Expand Low-Income Housing Tax Credit

| Posted in In the News

Bipartisan Senate, House group brings back bill with tweaks Housing tax policy identified as area for bipartisan action A bipartisan group of House and Senate lawmakers are reviving a push to expand the Low-Income Housing Tax Credit program, with tweaks to account for properties receiving Inflation Reduction Act benefits and to improve data sharing among…