On the recordJanuary 29, 2024
Mr. Speaker, I want to take a minute this morning to again look at the 118th Congress, which just completed its first year of operation last December, and it was sadly the least productive Congress in memory. Thirty-one bills were enacted during that first year of the 118th Congress. Again, that is a fraction of the number of bills that have been introduced in this Congress. That now surpasses 7,000 bills which were introduced in the House and a comparable number in the Senate. Obviously, much of the year was consumed with a lot of interparty fighting with the majority party, but now with really a year left, it is our duty to try and find bipartisan measures that are actually going to help this country and address real problems for Americans. The good news is, a week ago Friday, the Ways and Means Committee reported out H.R. 7024, which is a bill aimed at making corrections and improvements to the Tax Code that are long overdue. There are three basic pieces to it. Number one, it reinstated the child tax credit, which had been wiped out after ARPA expired. This will basically take roughly half a million children out of poverty. Low-income families don't qualify for the full value of the child tax credit. Thankfully, the two sides came together to come up with a meaningful fix. We really have more work to do, because the initial version that was part of ARPA actually cut child poverty in this country in half.…





