Congressman Roger Williams

Representing the 25th District of Texas

Roger Williams to Testify on Tax Plan

Apr 13, 2016
Press Release

WASHINGTON, DC – Congressman Roger Williams (R – Austin) this afternoon will testify before the House Ways and Means Subcommittee on Tax Policy to speak on his seven bill tax reform plan, Jumpstart America.

Last month, taxpayer advocacy group, Americans for Tax Reform endorsed Williams’ tax plan as “a model for pro-growth, conservative tax reform.”

What: Rep. Williams to testify on his tax reform plan
Date: Wednesday, April 13, 2016
Time: 3:30 p.m. ET
Location: 1100 Longworth House Office Building
Open to Press: Yes

Economist and former Congressional Budget Office (CBO) director, Douglas Holtz-Eakin said of Jumpstart America, “America’s workers desperately need a pro-growth tax reform that will spur productivity growth, raise wages and provide real economic opportunity. In seven pieces of legislation, Rep. Williams has laid out the elements of just such a reform.”

Don Powell, former chair of the U.S. Federal Deposit Insurance Corporation (FDIC) said, “A thoughtful, common sense approach to one of the most important issues facing America – compliments to Congressman Williams for engaging in this process and developing a well-thought approach to this very important issue.”

Collectively, Jumpstart America lowers federal individual, corporate, payroll and capital gains taxes, allows for 100 percent depreciation of fixed assets, implements repatriation and keeps LIFO accounting:

1.  H.R. 2842 – Individual Rate Simplification Act of 2015
2.  H.R. 2946 – Incentivize Corporate America Act of 2015
3.  H.R. 3017 – Invest in America Act of 2015
4.  H.R. 3083 – Bring Jobs Back to America Act of 2015
5.  H.R. 3213 – Fixed Asset Relief Act of 2015
6.  H.R. 3267 – Paycheck Relief Act of 2015
7.  H.CON.RES.69 – Expressing the sense of Congress that any reform or repeal of the last-in, first-out method of accounting for inventories (LIFO) would cause irreparable and unnecessary damage to United States businesses

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