Taxes

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  • Roe Statement on H.R. 6169, the Pathway to Job Creation through A Simpler, Fairer Tax Code Act of 2012
    Posted in Press Releases on August 2, 2012 | Preview rr
    Tags: Taxes

    WASHINGTON D.C. – Today, U.S. Congressman Phil Roe, M.D. (TN-01) released the following statement on passage of H.R. 6169, the Pathway to Job Creation through a Simpler, Fairer Tax Code of 2012: “It has been more than 25 years since we’ve reformed our nation’s tax code. Since then countless loopholes have come and gone, further complicating an already complex system. I believe it is imperative that our tax code be examined with great scrutiny, simplified and streamlined today so we can grow our ... Read more

  • Congress Still Has Work to Do
    Posted in Weekly Columns on August 1, 2012 | Preview rr
    Tags: Taxes, Budget, Jobs & Economy

    In the coming months, our country is facing crucial decisions that will determine how soon we can be put back on a path to prosperity. Unless President Obama and the Democrat-controlled Senate put politics aside, our businesses and job creators will continue to face economic uncertainty and a tax hike that threatens to eat up the capital that could be used to keep Americans employed. Because of sequestration, an automatic $98 billion across-the-board budget cut is set to take effect on January 1... Read more

  • Hardworking Taxpayers Deserve Tax Cut Extension
    Posted in Weekly Columns on July 11, 2012 | Preview rr
    Tags: Taxes

    On January 1, 2013, a $494 billion tax increase is scheduled to take effect when the tax cuts enacted in 2001 and 2003 expire. According to the Heritage Foundation, if the current tax rates are not extended, the tax increase for the state of Tennessee alone will be $8.05 billion. That’s an average $2,690 tax hike for every hardworking family in Tennessee. At a time of high unemployment, this is unacceptable, and all of us in Congress should be working to ensure that we don’t increase taxes on an... Read more

  • Roe Statement on the Health Care Cost Reduction Act of 2012
    Posted in Press Releases on June 7, 2012 | Preview rr
    Tags: Taxes, Jobs & Economy, Health Care

    WASHINGTON D.C. – Today, U.S. Congressman Phil Roe, M.D. (TN-01) released the following statement on H.R. 436, the Health Care Cost Reduction Act of 2012: “Passage of the Health Care Cost Reduction Act is important for jobs, innovation and removal of tax penalties found in the health care law. Included in the health care law is a 2.3% excise tax levied on American device companies that is set to take effect in less than seven months. H.R. 436 will repeal the excise tax on medical devices, which ... Read more

  • Economy: Rise in Unemployment & Debt is Concerning
    Posted in Weekly Columns on June 6, 2012 | Preview rr
    Tags: Taxes, Education, Budget, Jobs & Economy, Health Care

    Last week’s jobs report showed a concerning rise in unemployment to 8.2 percent in the month of May. There are many factors interfering with our nation’s recovery. I believe high unemployment and our inability to see a true recovery is directly related to uncertainty due to bad policies such as the health care law and Congress’ inability to gets our country’s fiscal house in order. I participated in a “Pen and Pad” event on Tuesday with fellow Representatives Price (GA-06) and Lankford (OK-05) r... Read more

  • We Need A Plan To Turn The Economy Around
    Posted in Weekly Columns on May 16, 2012 | Preview rr
    Tags: Taxes, Budget, Defense, Jobs & Economy, Energy, Health Care

    Every day I hear stories of how more layoffs are threatened and economic uncertainty is being brought about by bills such as the health care law and regulations that stifle innovation. In order to create jobs and get folks back to work, Congress needs to work together in a bipartisan way to be a part of the solution. The best way to lower the unemployment rate and promote job growth is to create an atmosphere that rewards hard work, keeps government out of the way of innovation and incentivizes ... Read more

  • Roe Statement on the Small Business Tax Cut Act
    Posted in Press Releases on April 19, 2012 | Preview rr
    Tags: Taxes, Jobs & Economy

    WASHINGTON D.C. – Today, U.S. Congressman Phil Roe, M.D. (TN-01) released the following statement on passage of the Small Business Tax Cut Act: “Even though our economy is on the cusp of recovery, we need to do everything we can to incentivize our businesses to create jobs. I voted for the Small Business Tax Cut Act because it will directly help small businesses create jobs. “Specifically, the Small Business Tax Cut Act will allow small businesses with fewer than 500 employees to take a tax dedu... Read more

  • Washington Needs to Reform the Tax Code, Not Raise Taxes
    Posted in Weekly Columns on April 18, 2012 | Preview rr
    Tags: Taxes, Jobs & Economy

    Tuesday marked Tax Day and, coincidentally, Tax Freedom Day - meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. We need to put a stop to the government’s overreach into hardworking taxpayers’ wallets. One way we can stop the government tax overreach is by fixing the broken tax system. I support simplifying our tax code and closing loopholes that amount to spending in the tax code.... Read more

  • Keep Taxes Low & Rein in Government Spending
    Posted in Weekly Columns on April 11, 2012 | Preview rr
    Tags: Taxes, Health Care

    As we approach the tax filing deadline on April 17, we see how much the government and taxation have grown in America. There is no question we need to lower taxes for all hardworking Americans, from our job creators to our friends and neighbors who have fallen on hard times. Excessive regulation and taxes are a deterrent to business expansion and income. The president’s solution to economic recovery is the opposite. In his budget he is proposing $1.5 trillion in new taxes. His plan would raise t... Read more

  • Another Budget Failure
    Posted in Weekly Columns on February 15, 2012 | Preview rr
    Tags: Taxes, Budget, Jobs & Economy

    On Monday, President Obama released his $3.8 trillion fiscal year (FY) 2013 budget proposal containing many similarities to his FY 2012 budget that was overwhelmingly rejected by the Senate by a vote of 97-0. If Congress were to adopt the president’s budget, we are looking at dangerous levels of debt, exceeding 100 percent of Gross Domestic Product (GDP) every year for the next 10 years. Failing to fulfill his promise to cut the deficit in half by the end of his term, Obama instead proposed a fo... Read more