In February, I voted for the Tax Relief for American Families and Workers Act of 2024 alongside my House Republican colleagues, which helps to extend some key expiring provisions from the 2017 Tax Cut and Jobs Act, which was signed by President Trump and provided historic tax relief to Kentuckians.
In 2017, House Republicans and President Trump helped usher in tax cuts across the board to bring down high taxes and simplify the tax system. I was proud to help deliver historic tax relief for Kentuckians and Americans across the nation. This bill helps support hardworking American families and our small businesses by cutting red tape and allowing for increased small business expensing such as equipment.
As the pro-family party, House Republicans have delivered for families by strengthening the child tax credit while preserving key program integrity standards, like work requirements and documentation to protect against fraud and abuse. This bill also helps businesses to support innovation and growth in the United States by allowing research and development expensing here at home.
These historic policies will not only help grow our economy but will also keep our nation competitive with Communist China for years to come.