Idaho Congressman Mike Simpson supported passage of the fiscal year 2017 budget resolution which was approved by the House of Representatives on Friday. This is the most significant Obamacare repeal legislation to pass the House since the law was enacted six years ago. Passage of the resolution unlocks a legislative mechanism known as “reconciliation” which provides Congress with the ability to repeal and ultimately replace Obamacare. “It is no secret that Obamacare has not lived up to the promi...
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Today is Tax Day and the U.S. House of Representatives is addressing important tax measures this week that directly impact families across the country. Idaho Congressman Mike Simpson is supporting The ‘Death Tax Repeal Act of 2015’ (H.R. 1105), State and Local Sales Tax Deduction Fairness Act of 2015 (H.R. 622), Preserving Access to Manufactured Housing Act (H.R. 650), and the Mortgage Choice Act (H.R. 685). “Our current tax code hampers economic growth. If we truly want to get our budget defici...
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Idaho Congressman Simpson today supported passage of H.R. 3865, the Stop Targeting of Political Beliefs by the IRS Act of 2014. This legislation prohibits for one year a proposal by the Internal Revenue Service (IRS) to unilaterally change the regulations, in place for fifty years, which allow certain organizations to engage in political activities. The bill passed 243 to 176. “It is clear that this proposed regulation by the Obama Administration would primarily impact conservative organizations...
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Congressman Mike Simpson supported the Protecting Taxpayers from Intrusive IRS Requests Act, which passed the House of Representatives on Tuesday. The bill provides important safeguards for taxpayers such as barring the IRS from asking questions regarding religious, political, or social beliefs. Read more details on the bill here: http://www.gop.gov/bill/113/2/hr2531
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Idaho Congressman supports budget agreement that avoids another government shutdown, reduces the federal deficit, and limits Presidential authority over spending
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Idaho Congressman Mike Simpson today voted for H.R. 8, the Job Protection and Recession Prevention Act of 2012. This legislation would extend through December, 2013, the low-tax policies originally enacted in 2001 as part of the Economic Growth and Tax Relief Reconciliation Act. “I cannot support raising taxes on Americans while we struggle to emerge from a recession,” said Simpson. “Tax relief is vital to job creation, and in times of economic uncertainty it is especially important that we impl...
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The U.S. House of Representatives today passed H.R. 9, the Small Business Tax Cut Act of 2012, which allows businesses with fewer than 500 employees to reduce their profit subject to taxation by 20% in the 2012 tax year. Idaho Congressman Mike Simpson supported the measure, which passed with a final vote of 235-173. Small businesses currently face up to an astounding 35% federal tax. Additionally, the individual tax rates that apply to small pass-through businesses are scheduled to increase sign...
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