Jackie Walorski: “I thank the chairman for yielding. Mr. Speaker, I rise in strong support of the Protecting Americans from Tax Hikes Act.…”

“I thank the chairman for yielding. Mr. Speaker, I rise in strong support of the Protecting Americans from Tax Hikes Act. There are many great pieces of this bill, but I want to highlight two in particular that will help Indiana's economy. For decades, the research and development tax credit has relied on short-term extensions, leaving innovators in complete limbo. Today, we are making it permanent, giving innovative industry the confidence to make investments here in the United States. Indiana is also home to 300 medical device companies, employing over 20,000 people, and stands to benefit greatly from this certainty. I am also thrilled today that we are delaying the damaging medical device tax for 2 years. This misguided tax will cost jobs, harm patients, and I look forward to the day that we can fully repeal it. Mr. Speaker, our Tax Code is a mess; but today we have an opportunity to give certainty to individuals, to families, charities, and job creators, and we can take another step forward toward comprehensive tax reform.”