U.S. Congressman David Schweikert | E-Newsletter
District Update |September 14, 2018 Click here if you have trouble viewing this email
U.S. Congressman David Schweikert
Tax Reform 2.0

 

This week my committee, the House Ways and Means Committee, released the new Tax Reform 2.0 legislation that we have been working on to ensure key provisions of the Tax Cuts and Jobs Act is made permanent.

Similar to the Tax Cuts and Jobs Act, Tax Reform 2.0 will lock in tax cuts for middle-class families and small businesses. Data shows that a middle income family of four in our district will see a $2,392 tax cut. By continuing to work on tax reform, we will ensure our tax code will never fall behind global competitors again.
 

On Thursday the committee hosted a six hour mark-up to get the legislation rolling. During the mark-up three pieces of legislation were considered. To listen to me speak during the committee mark-up, follow this link.

H.R. 6760 Protecting Families and Small Business Tax Cuts Act of 2018: This legislation would make the individual and small business tax cuts permanent, as they are now set to dissolve in 2025.
 

H.R. 6757 Family Savings Act of 2018: Helping to expand access to savings vehicles and helps local businesses expand their ability to provide retirement plans for their employees as well as have better access for employees to use those retirement plans. 



H.R. 6756 American Innovation Act of 2018This legislation will support new ventures by supporting their start-up costs and capital that is incurred when opening to create innovation. 

Tribal Unity Impact Day

Thank you to the National Congress of American Indians (NCAI) for inviting me to speak to tribal leaders at the Tribal Unity Impact Day. I appreciated the opportunity to discuss key legislation affecting tribes including the Tribal Social Security Fairness Act of 2018, which is headed to the President’s desk. I look forward to continuing to work with NCAI on ways Congress can enable economic prosperity for tribal communities
We have got to find a revolution on how we address these issues.

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TOP NEWS
Tax Reform 2.0: Permanent Tax Relief for Families and Small Businesses. Helping Families Save More, and Spurring Innovation in the U.S.

Phoenix First Responders Deployed to North Carolina for Hurricane Florence

Arizona Gets Lofty Ranking for Aerospace/Defense Manufacturing

ASU Ranked Most Innovative School in US for the Fourth Straight Time

SERVICE ACADEMY NOMINATIONS
The deadline to apply for a U.S. military service academy is fast approaching! If you are interested in applying, please follow this link to my website for application information. 
 
HELPFUL RESOURCE
 
When looking for a helpful resource be sure to check USA.GOV. This website can be used to stay informed on current issues and topics, along with answers to common questions on what government resources are available to you.

ARIZONA COMMERCIAL MORTGAGE LENDERS ASSOC
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Before heading to Washington, D.C. this week I had the chance to speak with the Arizona Commercial Mortgage Lenders about how the tax code has changed, federal interest rates, and Dodd Frank. Thank you for inviting me to speak and I look forward to continuing this important conversation. 
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