More on Taxes
Congressman Andy Barr (KY-06) made the following statement applauding the release of a unified framework for tax reform:
“The unified framework for tax reform released today is consistent with our promise to create a fairer, simpler tax code that will boost American jobs and allow working families and individuals to keep more of their hard-earned paychecks. By doubling the standard deduction, enhancing the child tax credit, and promoting American competitiveness to keep jobs from going overseas, this plan is focused on the middle-income families that need relief.”
Congressman Andy Barr (KY-06) today met with Chairman Kevin Brady (TX-08) of the House Ways and Means Committee, UPS employees and Kentucky business leaders, including business leaders in the Sixth District, to discuss pro-growth tax reform at the UPS Worldport in Louisville, Kentucky.
It has been 31 years since the last tax overhaul by President Ronald Reagan. Today, Congress is working to create a simpler, fairer tax code that lowers rates for all Americans and makes U.S. businesses and corporations more competitive.
Congressman Andy Barr (KY-06), the Chairman of the Congressional Horse Caucus, today introduced three bills that would make simple reforms to the tax code to encourage greater investment and participation in Kentucky’s signature horse industry. These reforms are needed to reflect the realities faced by participants in the horse industry and to provide a level playing field between equine investments and other forms of investments.
Congressman Andy Barr (KY-06) spoke on the floor of the U.S. House of Representatives about the American Health Care Act.
Remarks as delivered:
Obamacare is collapsing. It’s hurting more people than it’s helping. It’s forcing Americans to buy insurance they don’t like, they don’t need, and cannot afford. Premiums have increased by an average of 25 percent this year, deductibles are skyrocketing.
U.S. Senate Majority Leader Mitch McConnell (R-KY), Senator Rand Paul (R-KY) and Congressman Andy Barr (KY-06) reintroduced legislation today which corrects a provision in the tax code to ensure that Kentucky’s Bourbon producers are no longer at a disadvantage with their global competitors.
Congressman Andy Barr (KY-6) reintroduced two bills to provide relief and prevent a looming tax increase on Kentucky’s signature horse industry. H.R. 3671, the Race Horse Cost Recovery Act, would make permanent the three-year depreciation schedule for all race horses which is subject to expire at the end of this year. H.R. 3672, the Equine Tax Parity Act, would eliminate a 45-year-old tax provision that discourages investment in the equine industry and discriminates against equine assets compared to other assets.
Congressman Andy Barr (KY-6) issued the following statement today after the Supreme Court issued its ruling in the case of King v. Burwell:
“I appreciate the Court’s consideration of this case, but I strongly and respectfully disagree with the majority opinion. Laws should be implemented as they are written, not as the President wishes they were written. The ruling may temporarily shield many Americans from the true cost of health care under Obamacare but it does nothing to solve the problem of rising prices and government-rationed care.”
Congressman Andy Barr (KY-6) today voted in favor of Trade Promotion Authority (TPA), which establishes strict guidelines, congressional oversight, and public transparency requirements as the Obama Administration negotiates new trade agreements. The legislation gives Congress the final say on any new trade agreement, but only after any proposed agreement is available to the public for at least 60 days before a vote.
Congressman Andy Barr (R-KY) today announced he will support a bipartisan, bicameral agreement to renew and update Trade Promotion Authority (TPA). The proposal comes as the United States negotiates major trade agreements with Asia and Europe, which could open new markets for Kentucky products and support Kentucky jobs.
Congressman Andy Barr (KY-6) voted in favor of H.R. 1105, the Death Tax Repeal Act of 2015. The death tax was imposed in 1916 as a “temporary” measure to help finance World War I. Nearly a century later, this confiscatory tax threatens family-run businesses and family farms.
“Death and taxes may be certainties of life, but I don’t believe the federal government should continue to tax people after they have passed away,” said Congressman Barr. “The death tax threatens many family-owned Kentucky farms and small businesses, and I’m proud to vote for its repeal.”