Tax

I support tax reform that helps individuals, working families, and communities, not corporations, the wealthy, and well-connected. 

While I am in favor of tax reform, I opposed the Republican tax plan.  This plan claimed to benefit the middle-class yet it suspends deductions for interest on home loans (which directly hinders current and future middle-class American homeowners) and effectively repeals the individual mandate, an important feature of the Affordable Care Act that helped millions of Americans obtain affordable health insurance.  The Republican tax plan created permanent tax advantages for the wealthiest Americans and corporations at the expense of ordinary American families.  For example, the bill doubled the tax exemption from $5 million to $10 million and reduces the corporate tax rate from 35% to 20%.  In addition, the tax law repealed the estate tax which is designed to provide tax relief to only the nation’s wealthiest 7,500 families, which make up less than one percent of Americans. 

I will continue to support real, comprehensive tax reform that allows more hard-working Americans to bring their money home without eliminating or limiting vital programs.

More on Tax

May 1, 2014 Press Release

Today, U.S. Representative Bobby L. Rush (IL-01) joined his colleagues in addressing the wasteful spending of taxpayers’ money who pick up the tab for professional sports owners fined by their leagues. Rush cosponsored the Stop Penalizing Taxpayers for Sports Owners Act of 2014. Many Americans are not aware that when a professional sports owner is fined by his or her respective league, for violating the rules of that league, taxpayers get penalized at the same time.

Dec 3, 2012 Page

One of the most important aspects of Congress is developing, making and monitoring laws. As a Member of Congress, I am actively involved in sponsoring and drafting legislation about issues that are important to you.

May 24, 2010 Press Release

WASHINGTON -- Today, U. S. Rep. Bobby L. Rush proudly noted the inclusion of key provisions of his 340B Program Improvement and Integrity Act of 2009 (H.R. 444) in tax relief legislation that continues to wind its way through the House and Senate legislative process:
 

Mar 19, 2009 Press Release

WASHINGTON, DC -- Today, U. S. Rep. Bobby L. Rush proudly cast a 'yes' vote in support  of  H.R. 1586, a bill that imposes a 90 percent tax on bonus money paid to executives at any company that receives funds under the Troubled Asset Relief Program.

Nov 9, 2005 Press Release

Washington D.C. ---- With major oil companies living in the lap of huge profits, Congressman Bobby L. Rush (D-IL) announced today the introduction of his bill H.R. 4248, which amends the Internal Revenue Code of 1986 and imposes a temporary windfall profit tax on crude oil with proceeds going to carry out the Low-Income Home Energy Assistance Act of 1981.

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