George Holding: “The PATH Act will provide much-needed certainty to our Nation's families and small businesses and, most importantly, lay…”

“The PATH Act will provide much-needed certainty to our Nation's families and small businesses and, most importantly, lay the foundation for comprehensive tax reform. For far too long, folks in North Carolina had to face the burden of trying to grow their businesses and plan for the future while being forced to operate under a tax system comprised of temporary tax provisions whose fate is unpredictable. With this bill, farmers in my district will be able to purchase a new tractor without having to gamble on whether Congress will extend the expensing provisions they depend on. In the Research Triangle Park, innovative companies will finally be able to access the R&D credit to further support their groundbreaking research without being concerned as to whether Congress will extend the credit or not. Mr. Speaker, importantly, it is imperative that we continue to build on this progress. This bill is an important first step towards comprehensive tax reform that simplifies the Tax Code, lowers the rate, and makes America competitive around the world. I urge my colleagues to support the PATH Act. {time} 1215”