Your Taxes

Ways and Means Republican Leader Rep. Kevin Brady (R-TX) released the following statement after the January Producer Price Index (PPI) showed wholesale prices increasing twice the rate projected: "This is more bad news on the inflation front. Wholesale prices increased at twice the rate projected, surely stoking inflation higher and longer. More than 60 percent of Main Street businesses are reporting they have been forced to raise their prices to keep up. "The worst thing Washington could do now... Read more

Washington, D.C. – The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after President Trump issued an executive order aimed at lowering drug prices: “I applaud President Trump for fighting to lower drug prices, and I believe the one-month delay on international pricing is an opportunity for the President to work with medical innovators to lower drug prices without harming innovation. In support of our shared goal of making drugs affordabl... Read more

Washington, D.C. – Republicans on the House Ways and Means Committee unveiled a series of bills today that are part of Republicans’ agenda for economic growth and increasing American innovation in U.S. medicines and cures as we continue to fight the novel coronavirus. “America can be the world leader in innovation if we focus on economic growth and making the U.S. medically independent. We have an agenda for a healthy American economy, and it starts with bringing manufacturing back to the United... Read more

Washington, D.C. -- The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after Treasury Secretary Steven Mnuchin sent a letter to four European finance ministers warning them not to press forward with plans for new digital taxes: “I agree with Secretary Mnuchin that this is not the time to be imposing a punitive new tax on mainly U.S. companies--which also erodes America’s tax base, making it more difficult to meet the long-term needs of ou... Read more

Today, the House passed the bipartisan Paycheck Protection Program Flexibility Act. This act addresses the ongoing needs of America's small businesses by making it easier for them to recover. This bill: Extends the forgiveness period from 8 to 24 weeks Provides additional flexibility for businesses’ overhead expenses Creates a longer repayment timetable Ensures businesses that have received a loan can defer payroll taxes With the passage of this act, small businesses across America will have mor... Read more

The Woodlands, TX – The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement concerning the Treasury Inspector General’s response to Chairman Richard Neal (D-MA) inquiry for sensitive taxpayer information: “This report by the Inspector General proves that earlier politically motivated accusations are debunked - Secretary Mnuchin followed the law, complied with all requests, and there is proper oversight taking place at Treasury. “President Trum... Read more

THE WOODLANDS, TX -- The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after Treasury Secretary Steven Mnuchin announced President Trump’s decision to move the deadline for tax filing to July 15. Taxpayers can still file their taxes and seek a refund now. “I applaud the President and Secretary Mnuchin for extending further relief to families and businesses. This is smart and measured leadership in the face of the novel coronavirus. “Whil... Read more

Because many families, businesses, and tax preparers may be unable to meet their tax obligations despite their best efforts, President Trump is allowing “the Treasury Department to defer tax payments, without interest or penalties, for certain individuals and businesses negatively impacted.” The Treasury Secretary Has Deferred Tax Payments, and Waived Penalties Families and small businesses can defer tax payments for 90 days. This covers a broad range of Americans, including small businesses tha... Read more

USA Business Radio The leading Republican on the powerful House Ways and Means Committee, Kevin Brady (R-TX) delivered the following opening statement at a Full Committee Markup of Tax Legislation. Watch the markup on this legislation. Remarks as prepared for delivery: “Thank you, Chairman Neal. “Despite our strong differences on issues like Medicare for All, weaponizing the tax code for political purposes, and raising payroll taxes on American workers, we have worked hard to find common ground ... Read more

Conroe, Tex. - The federal government will cancel the health insurance plans of more than 600,000 workers and seniors in my 8th Congressional District of Texas if the dangerous Medicare for All proposal becomes law. Last week at an emotional congressional hearing led by the House Ways and Means Committee Democrats, it was revealed the socialized medicine scheme known as Medicare for All will dangerously cancel good, quality health care plans for millions of workers, children and the elderly. For... Read more