Taxes

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  • Roe: We Are One Step Closer to Seizing a Once-in-a-Generation Opportunity
    Posted in Press Releases on December 4, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON, D.C. – Today, Rep. Phil Roe, M.D. (R-Tenn.) released the following statement after voting for the motion to go to conference to allow the House and Senate to reconcile the differences between the two tax reform bills: “Today we are one step closer to overhauling our tax code and seizing a once-in-a-generation opportunity to allow hardworking Americans to keep more of their pay. I am pleased the House has agreed to go to conference to reconcile the differences between the bills in bot... Read more

  • Roe Statement on House Passage of the Tax Cuts and Jobs Act
    Posted in Press Releases on November 16, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON, D.C. – Today, Rep. Phil Roe, M.D. (R-Tenn.) released the following statement after the House passage of H.R. 1, the Tax Cuts and Jobs Act: “Republicans in Congress promised to work with President Trump to cut taxes for people of all income levels, and I’m proud the Tax Cuts and Jobs Act will deliver on this promise. This bill will help Tennesseans keep more of their pay and relieve the stress that comes with filing taxes and navigating a bloated, complicated tax code. Under the Tax C... Read more

  • The Tax Cuts and Jobs Act
    Posted in Weekly Columns on November 15, 2017 | Preview rr
    Tags: Taxes

    If you had an extra $1,182, what would you do with it? That’s the additional income the average household of four earning $59,000 see in their paycheck under H.R. 1, the Tax Cuts and Jobs Act. This bill will deliver the tax cuts President Trump and Republicans promised and American families deserve. Our bill, which passed the House today, will help create jobs, increase wages and bring greater economic prosperity to Tennessee. Currently, our tax code is unnecessarily long and confusing. This bil... Read more

  • Framework for Tax Reform
    Posted in Weekly Columns on September 28, 2017 | Preview rr
    Tags: Taxes

    As I’ve said time and time again, our tax code is in desperate need of an update. Over the last 31 years, when our last comprehensive tax overhaul took place, our tax system has remained largely unchanged. Worse, it’s become so complex that it’s hard for many Americans to navigate. For example, there are over 12 different overlapping tax benefits related to education alone, which means families are tackling 100 pages of instructions to manage tuition costs. An overhaul in our tax code is necessa... Read more

  • Roe Statement on Tax Reform Framework
    Posted in Press Releases on September 27, 2017 | Preview rr
    Tags: Taxes

    WASHINGTON, D.C. – Rep. Phil Roe, M.D. (R-Tenn.) released the following statement on House Republicans' framework for reforming our tax system: “The American tax code is broken, too complicated and in serious need of reform; coupled with the highest corporate tax rate for industrialized nations, the time for change is now. Meaningful tax reform last occurred over 30 years ago, and this is a once-in-a-generation opportunity to allow hardworking Americans to keep more of their pay. The framework r... Read more

  • Reforming Our Tax Code
    Posted in Weekly Columns on August 10, 2017 | Preview rr
    Tags: Taxes

    Think about life 31 years ago: most of us communicated solely by landline; the Internet wasn’t widely available, and certainly not for commercial purposes; and Oprah Winfrey was just beginning her talk show career. Life has changed a lot in the last three decades, but our tax code hasn’t kept up. According to the Tax Foundation, our tax code is more than 2.4 million words long, which is almost six times as long as it was in 1955; and nearly twice as long as it was in 1985. Every aspect of the ta... Read more

  • Simplifying Our Tax System
    Posted in Weekly Columns on April 12, 2017 | Preview rr
    Tags: Taxes

    Every April, instead of enjoying springtime, Americans will spend countless hours on long tax forms and working through confusing tax rules. This year, Tax Day falls on April 18th with Easter and Emancipation Day affecting the federal holiday schedule. In their 2015 annual report to Congress, the Taxpayer Advocate Service found that, in fiscal year 2015, the Internal Revenue Service (IRS) collected over $2.8 trillion dollars. In the IRS’s 2016 annual report to Congress, it is reported that taxpa... Read more

  • Roe Addresses Constituents After President Obama's Final State of the Union
    Posted in Press Releases on January 12, 2016 | Preview rr
    Tags: Taxes, Education, Abortion, Budget, Defense, Jobs & Economy, Energy, Health Care, Immigration, Second Amendment, Veterans

    WASHINGTON, D.C. - Tonight, Rep. Phil Roe, M.D. addressed his constituents in a video message after President Obama delivered his final State of the Union speech. Roe discussed the Second Amendment, the fight against terrorism and several other priorities in Congress in the upcoming year. To watch, click here. The script as prepared for delivery is below as well. Tonight, during his State of the Union address, we heard from President Obama on his priorities for his final year in office. It’s no ... Read more

  • Setting the Stage for a Productive 2016
    Posted in Weekly Columns on December 18, 2015 | Preview rr
    Tags: Taxes, Education, Abortion, Budget, Defense, Jobs & Economy, Energy, Health Care, Immigration, Second Amendment, Veterans

    This week, the House passed – with my support – important legislation to make many of the tax credits and deductions hardworking families rely on permanent. This bill brings certainty to the tax code by permanently extending several important expiring tax breaks that encourage charitable giving, small business capital investment and research and development. The bill also paves the way for comprehensive tax reform by moving away from year-to-year tax policy extensions, allowing Congress to focus... Read more

  • Small Businesses: the Backbone of the American Economy
    Posted in Weekly Columns on April 29, 2015 | Preview rr
    Tags: Taxes, Jobs & Economy

    May 4-8 is National Small Business Week, which is intended to encourage all of us to recognize the contributions of the small business community to the American economy. According to the U.S. Small Business Administration, Tennessee has more than 500,000 small businesses that employ more than 1 million people. These job creators are the backbone of the American economy and I am proud of the entrepreneurs in Tennessee and around the country. Small businesses are burdened with hours upon hours of ... Read more