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Tax Reform

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More on Tax Reform

May 10, 2019 Press Release
The program offers capital gains tax relief to investors for new investment in designated "Opportunity Zones." On average, the median family income in an Opportunity Zone is 37 percent below the State median. Opportunity Zones are anticipated to spur $100 billion in private capital investment.
April 26, 2019 Press Release
We must do all we can to protect churches and charities on the frontline of our battle against the generational cycles of poverty and the traps of government dependence from unnecessary taxes and strenuous compliance processes. I am thankful this strong group of non-profits has made their voices heard and highlighted the need to keep reforming our tax code so our communities can prosper.
March 6, 2019 Press Release
Churches and charities serve on the frontline of our battle against the generational cycles of poverty and the traps of government dependence. Washington should ensure their work in our communities is not restricted by unnecessary taxes and strenuous compliance processes.
December 20, 2018 Press Release
Never in our nation’s history have we placed a tax on places of worship, always respecting the sanctity of our religious liberty. In this season of giving, our charities and churches should be encouraged to know that the House is dedicated to stopping new taxes and compliance fees that threaten to impede the life-altering work they perform in each of our communities.
November 29, 2018 Press Release

WASHINGTON, D.C. –  U.S. Representative Mark Walker (R-N.C.) today released the following statement after text from his legislation, H.R. 6460, the Lessening Impediments From Taxes (LIFT) for Charities Act was proposed as an amendment to H.R. 88, the Retirement, Savings, and Other Tax Relief Act by House Ways and Means Chairman Kevin Brady (R-Texas): 

September 28, 2018 Press Release
"North Carolina families are winning again and we want to continue the momentum. Tax Reform 2.0 will provide our families and local employers more certainty, solidifying lower taxes, a permanent doubling of the Child Tax Credit and the first-ever Paid Family Leave Credit, while lowering the share of the tax burden for middle-income workers and raising it for millionaires."
September 4, 2018 Press Release
Looking at the MTB petitions that make up the Miscellaneous Tariff Bill (MTB) Act of 2018, one thing is clear, North Carolina is a big winner. Of those 333 petitions, 19.75%, are manufacturers in North Carolina, more than any other state. That represents a savings of $71 million in 2018, also the most in the nation.
August 29, 2018 Press Release
"Whether it is Japanese companies laying roots in Lee County, or national brands making significant investments in east Greensboro, it’s clear that our economy is roaring back and creating new opportunities for our families. While we still have far to go, we are restoring the chance of the American Dream."
August 2, 2018 Blog Post
Thanks to tax reform, Advanced Superabrasives of Mars Hill, North Carolina, is creating high-paying jobs, investing in workforce training and growing its operations. But what’s even more impressive is it has already given many of the 43 employees not just one, not just two, but three pay raises in 2018.
July 27, 2018 Press Release
Looking at the MTB petitions that make up the Miscellaneous Tariff Bill (MTB) Act of 2018, one thing is clear, North Carolina is a big winner.