In The News

U.S. taxpayers affected by this year’s hurricanes would get bigger-than-usual deductions for their property losses and penalty-free access to retirement accounts under a tax bill released Friday. The bill, from House Ways and Means Committee Chairman Kevin Brady (R., Texas), could get a vote in the full House as early as next week. The bill would apply in areas damaged by Hurricanes Harvey, Irma and Maria and declared as certain kinds of disaster zones by President Donald Trump. The Joint Commit... Read more

By Kevin Diaz Texas Republican Kevin Brady, chairman of the House Ways and Means Committee, proposed special tax benefits Friday for people who were hit by the hurricanes that recently clobbered Texas, Florida, the U.S. Virgin Islands and Puerto Rico. Provisions of legislation he plans to introduce Monday would eliminate the current requirement that storm losses exceed 10 percent of adjusted gross income to qualify for a deduction. Storm victims would not have to itemize their tax filings to tak... Read more

The United States has been traumatized by two historical and and devastating storms. Those impacted are calling for relief and one House Republican is leading that effort. Today, Ways and Means Chairman Kevin Brady (R-TX) released legislation that would deliver temporary tax relief to the victims of Hurricanes Harvey, Irma, and Maria. Chairman Brady issued the following statement upon releasing the bill, which is expected to be formally introducedMonday, September 25, when the House returns to s... Read more

The top Republican tax law writer in the U.S. House of Representatives unveiled new tax legislation on Friday that he said would help people cope with hurricane devastation in Texas, Florida, the U.S. Virgin Islands, Puerto Rico and other areas. “My bill specifically helps hurricane victims keep more of their paycheck, deduct more of the cost of their...property damage and have more affordable and immediate access to money they have saved for their retirement,” House Ways and Means Committee Cha... Read more

By Niv Elis House Ways and Means Committee Chairman Kevin Brady (R-Texas) on Friday released a new disaster relief bill that would provide temporary tax cuts to victims of Hurricanes Harvey, Irma, and Maria. “My bill specifically helps hurricane victims keep more of their paycheck, deduct more of the cost of their expensive property damage, and have more affordable and immediate access to money they have saved for their retirement,” Brady said of the bill. The bill would allow those who do not ... Read more

by Joseph Lawler House Ways and Means Committee Chairman Kevin Brady introduced legislation Friday afternoon to provide a set of targeted tax breaks for the victims of Hurricanes Harvey and Irma. The hurricane relief is tied to a six-month extension of Federal Aviation Administration authorities and a measure to promote private options in flood insurance. Brady, a Houston-area Republican, said the bill's tax provisions would provide "targeted, meaningful tax relief that will make it easier for p... Read more

U.S. Senators John Cornyn (R-TX) and Ted Cruz (R-TX) led a bipartisan, bicameral letter from members of the Texas delegation to Department of Housing and Urban Development (HUD) Secretary Ben Carson requesting that HUD allocate the Community Development Block Grant Disaster Recovery (CDBG-DR) funds intended for Harvey immediately, lower certain statutory income requirements, give grantees maximum flexibility when funds are dispersed, and shorten the public comment period. “In response to this c... Read more

By John S. Marshall Ten local teenagers -- including three sets of siblings -- are the recipients of Congressional Award Medals for achieving rather remarkable goals in public service and other areas. U.S. Rep. Kevin Brady, R-The Woodlands, presented the awards to six of the teens during a ceremony Wednesday afternoon at the Precinct 3 Justice of the Peace courtroom in The Woodlands. Brady described the group as "representing the best of America in many ways." The other four teens were away at c... Read more

by Alexander Hendrie President Trump, as well as leaders in the House and Senate, have said that pro-growth tax reform is their legislative priority for the remainder of 2017. While everyone agrees on the need to pass tax reform, the Swamp's army of lobbyists remains divided over many of the details of tax reform. Even so, there is agreement on two goals of tax reform. First, tax reform must ensure the code is simplified for families and businesses. Second, reform must include changes that grow... Read more

U.S. Congressman Kevin Brady (R-TX 8th District) recently honored 10 Montgomery County teenagers with Congressional Awards. "They represent the best of America in so many ways," Brady said. "Their commitment to bettering themselves and giving back to the community are exactly the values, character and integrity we hope for in every generation of young American." The Congressional Award is the United States Congress' award for youth ages 14-23. Recipients set and achieve goals in four areas: volu... Read more