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Taxes

"The current 74,608-page federal tax code is broken, unfair, overly complex, and harms the average American family. That is why I strongly support simplifying our tax code so that families and small businesses can take charge of their finances, and lowering our corporate tax rate while closing unfair loopholes. I plan on putting Louisiana and America first, ensuring we remain a leader in innovation around the world."

The US tax code hasn’t been reformed for over three decades, and the world has changed dramatically. Our tax code has failed to evolve to meet the demands of a 21st Century global economy, driving companies out of the US and forcing American families to spend millions preparing personal income taxes. It is past time to modernize our tax code and put the United States on a level playing field with the rest of the word. A competitive corporate tax system should create incentives for companies to locate their headquarters, open more offices, and to produce more products for export from the United States, resulting in more jobs, more tax revenue, and a higher U.S. standard of living.  Americans should also be empowered to prepare their own taxes and understand their personal finances.

 

 

More on Taxes

April 18, 2018 Press Release

WASHINGTON, D.C. – Congressman Clay Higgins (R-LA) commended Entergy Louisiana's announcement that they will return millions in tax savings to Louisiana customers after the Louisiana Public Service Commission approved the agreement today.

The first of the reductions will occur in May as a result of $210 million in federal tax reform-related savings, $105 million of which will be returned to customers over the next eight months, with the remaining half of these savings returned to customers over the following four years.

April 16, 2018 Editorial

April 17, 2018, marks the last time that Americans will file their taxes under the old federal tax code. For the first time in more than 30 years, America will do business under a fairer, simpler tax code that lowers rates for everyone and creates new jobs and opportunities.

March 28, 2018 In The News

Legislation that seeks to repeal the 12 percent federal excise tax on heavy-duty trucks will stimulate economic growth and put independent truckers back on the road, U.S. Rep. Clay Higgins said during a stop in Lake Charles on Tuesday.

Higgins, R-Port Barre, toured Martin Truck Center and spoke about the effort to repeal the tax. He said President Donald Trump supports measures on tax reform and tax reductions, but some lawmakers in Congress are worried that eliminating the excise tax will lead to lost revenue.

March 20, 2018 Press Release

WASHINGTON, D.C. – The U.S. Chamber of Commerce honored Congressman Clay Higgins (R-LA) with its Spirit of Enterprise Award, given in recognition of his support for pro-growth business and economic policies.

The Chamber’s prestigious Spirit of Enterprise Award is given annually to members of Congress based on their votes on critical business legislation as outlined in the Chamber’s annual scorecard.

February 14, 2018 In The News

IberiaBank announced this week that employees will be seeing pay raises as a result of the federal tax reform legislation that passed in December. 

February 6, 2018 Blog Post

The U.S. Treasury Department recently released updated income tax withholding guidance reflecting the enactment of the Tax Cuts and Jobs Act. Here’s a quick rundown of the Five Ws –WhoWhatWhereWhen, and Why – to help you understand what this means for you.

February 1, 2018 Press Release

Congressman Clay Higgins (R-LA) offered praise for a recent IBERIABANK announcement that employees would receive bonuses and wage increases as a result of federal tax reform legislation.

The investments include:

December 19, 2017 Press Release

Congressman Clay Higgins (R-LA) issued the following statement after the U.S. House of Representatives passed the conference report on H.R. 1, the Tax Cuts & Jobs Act, today.

“We’re keeping our promise to deliver historic tax relief for all Americans. This a win for individual filers. It's a win for families, and it's a win for businesses of all sizes. We are about to enter an era of economic prosperity that hasn’t been seen in decades.”

 

 

December 8, 2017 Press Release

Congressman Clay Higgins (R-LA) sent a 3-page, detailed letter to Chairman Kevin Brady (R-TX) and other members of the conference committee on tax reform, urging them to include several key provisions in the final legislative text of the Tax Cuts & Jobs Act.

Congressman Higgins issued the following statement: