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Taxes

Simpson Votes to Stop IRS Targeting Conservative Groups

| Posted in Press Releases
Tags: Taxes

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…

Simpson Protects Taxpayers from IRS Overreach

| Posted in Op-eds
Tags: Taxes

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

Simpson Says No to Higher Taxes

| Posted in Press Releases

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 This legislation would extend through December, 2013, the low-tax policies originally enacted in 2001 as part of the Economic Growth and Tax Relief Reconciliation Act.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 Supports Lower Taxes for Small Businesses

| Posted in Press Releases

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…

Simpson Joins Bipartisan Vote to Repeal Withholding Tax

| Posted in Press Releases
Tags: Taxes

 Idaho Congressman Mike Simpson today lauded passage of legislation to repeal a 3% withholding on government contractors.  H.R. 674 passed the House by a strong bipartisan vote of 405-16.  Simpson has been a cosponsor of this legislation since 2008.   “Democrats and Republicans alike recognize that allowing this provision of law to go into effect would increase costs…